{"id":535938,"date":"2023-01-05T21:10:00","date_gmt":"2023-01-05T18:10:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-slides-on-hot-jobs-data-hawkish-fed-comments\/"},"modified":"2023-01-05T21:10:00","modified_gmt":"2023-01-05T18:10:00","slug":"dow-slides-on-hot-jobs-data-hawkish-fed-comments","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-slides-on-hot-jobs-data-hawkish-fed-comments\/","title":{"rendered":"#Dow slides on hot jobs data, hawkish Fed comments"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2325723ac65\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2325723ac65\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-slides-on-hot-jobs-data-hawkish-fed-comments\/#%E2%80%9CDow_slides_on_hot_jobs_data_hawkish_Fed_comments%E2%80%9D\" >&#8220;Dow slides on hot jobs data, hawkish Fed comments&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_slides_on_hot_jobs_data_hawkish_Fed_comments%E2%80%9D\"><\/span>&#8220;Dow slides on hot jobs data, hawkish Fed comments&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Wall Street\u2019s main indexes\u00a0closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation.<\/p>\n<p>The Dow Jones Industrial Average\u00a0slipped 339.69 points, or 1%, to 32,930.08, the S&amp;P 500\u00a0dropped 1.2%, and the Nasdaq\u00a0was down 1.5%. <\/p>\n<p>Meanwhile, Alphabet and Microsoft fell more than 2% as US Treasury yields surged\u00a0on prolonged\u00a0rate-hike\u00a0expectations.<\/p>\n<p>Tesla\u00a0dropped 3% after the\u00a0December sales\u00a0of\u00a0its China-made electric vehicles\u00a0fell to a five-month low, while Amazon, which announced\u00a0increased layoff plans, reversed premarket gains.<\/p>\n<p>The ADP National Employment\u00a0report showed\u00a0a much greater-than-expected rise in private employment in December, while another report showed\u00a0weekly jobless claims\u00a0fell last week.<\/p>\n<p>The reports\u00a0came\u00a0a day after data showed a moderate fall in job openings,\u00a0in growing\u00a0evidence\u00a0that\u00a0the labor market remains tight.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down1.jpg?w=1024\" alt=\"The Dow displayed on the New York Stock Exchange\" class=\"wp-image-25249529\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The reports came a day after data showed a moderate fall in job openings, in growing evidence that the labor market remains tight.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cIt\u2019s very clear that good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on the labor market means bad news for the stock market. Data is showing that the labor market is very resilient,\u201d said Anthony Saglimbene, chief market strategist at Ameriprise in Tory Michigan.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cAs long as the labor market is resilient, the Federal Reserve has to continue to tighten financial conditions to bring inflation down,\u201d said that strategist who expects investors to be keenly focused on wage inflation in Friday\u2019s jobs report.<\/p>\n<p>A\u00a0strong\u00a0labor market has been a concern for markets\u00a0pummeled by rising borrowing costs\u00a0as it gives the Federal Reserve\u00a0a reason to\u00a0raise\u00a0rates for longer than expected this year.<\/p>\n<p>In the previous session, Wall\u00a0Street\u2019s main indexes erased some of their gains after\u00a0minutes from the Fed\u2019s December meeting showed\u00a0the central bank was laser-focused on fighting inflation even as officials agreed to slow the\u00a0pace of rate\u00a0hikes\u00a0to limit risks to economic growth.<\/p>\n<p>Both Kansas City Fed leader\u00a0Esther George\u00a0and Atlanta President\u00a0Raphael Bostic\u00a0on\u00a0Thursday stressed\u00a0the central bank\u2019s priority to curb stubborn price pressures through policy tightening.<\/p>\n<p>Traders were almost evenly split on chances of a 25-basis point and a 50-bps rate hike in February, but still see rates peaking at slightly above 5% in June.\u00a0<\/p>\n<p>The more comprehensive nonfarm payrolls report is due on Friday, which would provide further clues on labor demand and the rate hike trajectory.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down-1.jpg?w=1024\" alt=\"A\u00a0strong\u00a0labor market has been a concern for markets\u00a0pummeled by rising borrowing costs\u00a0as it gives the Fed\u00a0a reason to\u00a0raise\u00a0rates for longer than expected this year.\" class=\"wp-image-25249482\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-down-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A\u00a0strong\u00a0labor market has been a concern for markets\u00a0pummeled by rising borrowing costs\u00a0as it gives the Fed\u00a0a reason to\u00a0raise\u00a0rates for longer than expected this year.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Among individual\u00a0stocks, Walgreens\u00a0Boots Alliance\u00a0dropped 6% after the drugstore chain\u00a0posted a quarterly loss\u00a0on an opioid litigation charge.<\/p>\n<p>Bed Bath &amp; Beyond\u00a0lost 30% after the company said it was\u00a0exploring options, including a bankruptcy filing.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2023\/01\/05\/dow-slides-on-hot-jobs-data-hawkish-fed-comments\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow slides on hot jobs data, hawkish Fed comments&#8221; Wall Street\u2019s main indexes\u00a0closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. The Dow Jones&#8230;<\/p>\n","protected":false},"author":1,"featured_media":535939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/dow-stocks-comp.jpg?quality=75&strip=all&1672923040&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[138036,73977,70550,72388,70359,70360],"class_list":["post-535938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-5-23","tag-dow-jones-industrial-average","tag-federal-reserve","tag-stock-market","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=535938"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/535939"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=535938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=535938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=535938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}