Benjamin Bilski, team representative of Solana (CRYPTO: SOL)-based AI trading platform True, said that if perpetual futures become accessible in the U.S., it would validate the model and expand the overall market size.
A number of stocks fell in the afternoon session after the release of the August jobs report, which showed the U.S. economy added far fewer jobs than anticipated, fueling concerns about a broader economic slowdown.
A number of stocks fell in the afternoon session after a surprisingly weak August jobs report fueled concerns of a cooling economy but also raised expectations for Federal Reserve interest rate cuts.
A number of stocks fell in the afternoon session after the release of a much weaker-than-expected August jobs report, sparking fears of a potential recession. The U.S. Labor Department reported that employers added only 22,000 nonfarm payrolls in August, significantly missing economists' expectations of 75,000.
Shares of casual restaurant chain Noodles & Company (NASDAQ:NDLS)
fell 2.9% in the afternoon session after the release of a jobs report that signaled a sputtering labor market and heightened fears of an economic downturn.
Shares of industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM)
fell 3% in the afternoon session after weak U.S. jobs data revealed a fourth consecutive month of payroll declines in the factory sector.
A number of stocks fell in the afternoon session after the release of a much weaker-than-expected U.S. jobs report, which overshadowed hopes for a Federal Reserve interest rate cut by fueling concerns about the health of the economy.
A number of stocks fell in the afternoon session after a surprisingly weak August jobs report fueled concerns of a cooling economy but also raised expectations for Federal Reserve interest rate cuts.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 6% in the afternoon session after positive momentum continued as stockholders approved the company's $9.4 billion all-stock merger with Mr. Cooper Group Inc.
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 10.2% in the afternoon session after the stock rebounded following several positive analyst actions and favorable sector-wide news. RBC Capital upgraded the stock to "Outperform" from "Sector Perform," and Wells Fargo raised its price target, with both citing increased clarity on long-term opportunities following recent U.S. Treasury guidance. GLJ Research also upgraded its rating on the company. This guidance appears to be a key factor, with analysts noting it's favorable for the residential solar sector. Adding to the positive sentiment for renewable energy, India announced it was more than halving its goods and services tax on related equipment, including solar panels, from 12% to 5%, shoring up the industry.
Shares of investment banking firm Jefferies Financial Group (NYSE:JEF) fell 2% in the afternoon session after a surprisingly weak August jobs report sparked fears of an economic slowdown. The U.S. economy added only 22,000 jobs, significantly missing the 75,000 expected by analysts. While the disappointing data initially fueled hopes for a Federal Reserve interest rate cut, investor sentiment quickly soured. Concerns shifted towards the possibility of a recession, as the sluggish hiring and a rise in the unemployment rate to 4.3%—the highest since 2021—painted a grim picture of the labor market. This negative outlook overshadowed the potential for monetary easing, leading to a widespread sell-off across Wall Street.
Shares of financial services company Ameriprise Financial (NYSE:AMP) fell 4.3% in the afternoon session after a much weaker-than-expected U.S. jobs report sparked concerns about an economic slowdown.
Shares of online legal service provider LegalZoom (NASDAQ:LZ) fell 4.1% in the afternoon session after the U.S. Labor Department's August jobs report came in much weaker than expected, sparking fears of an economic slowdown. U.S. employers added only 22,000 jobs last month, significantly missing the 75,000 that economists had forecast. The disappointing data led to a widespread sell-off on Wall Street, with major indices like the S&P 500 and Dow Jones Industrial Average trading lower. While a cooling labor market could prompt the Federal Reserve to cut interest rates, the scale of the miss has investors worried that the economy could be heading for a recession. This negative sentiment is weighing on the broader market, impacting individual stocks like LegalZoom.
Shares of insurance giant Allstate (NYSE:ALL) fell 3.2% in the afternoon session after a government report showed U.S. employers hired far fewer workers in August than economists expected. The disappointing jobs data sparked concerns on Wall Street that the U.S. economy might be slowing down too quickly, potentially signaling a recession. This uncertainty led to a widespread decline in stocks, with the S&P 500 falling 0.6% and the Dow Jones Industrial Average dropping 0.7% in morning trading. Investors reacted by selling off shares across various sectors, and Allstate was not immune to the negative market sentiment, despite some recent positive news, including a reiterated "Outperform" rating from BMO Capital.
Shares of financial services company Robinhood (NASDAQ:HOOD)
fell 2.3% in the afternoon session after a weak U.S. jobs report sparked broader economic concerns, affecting brokerage firms and banks. The disappointing labor market data raised worries about the health of the economy, which could lead to reduced trading activity on platforms like Robinhood. Furthermore, the report led to speculation about potential interest rate cuts, a development that can put pressure on financial companies.
