CNBC Daily Open: Everyone's holding their breath for Friday's jobs report
Publishing timestamp: 2023-03-08 18:32:06
Summary
Markets are waiting for Friday's jobs report, while two data points released yesterday showed that the labor market remains tight. The JOLTS report indicated that job openings fell in December but are still high, while private payrolls in February increased, led by the leisure and hospitality sector. However, the concentration of job additions in the service sector means that risks of inflation from services persist. The article also mentions the winding down and liquidation of Silvergate Bank, a crypto-focused bank, and highlights an ETF that only invests in companies led by women. Markets made little movement and are waiting for more comprehensive nonfarm payrolls report to be released on Friday.
Sentiment: MIXED
Tickers: SI,
Keywords: jerome powell, jobs, business news, federal reserve bank, markets, interest rates, united states, world markets, silvergate capital corp, technology, cryptocurrency,
Source: https://www.cnbc.com/2023/03/09/stock-markets-everyones-waiting-for-fridays-jobs-report.html