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CNBC Daily Open: Everyone's anxious about Friday's jobs report - TL;DR CNBC

CNBC Daily Open: Everyone's anxious about Friday's jobs report

Publishing timestamp: 2023-03-09 01:08:42


Summary

Markets are waiting for Friday's jobs report, while two data points released yesterday showed that the labor market is still tight. Silvergate Bank, a crypto-focused bank, will be wound down and liquidated. An ETF investing in companies led by women is expected to outperform the S&P 500 this year. Fed Chair Jerome Powell called the jobs market "extremely tight" at a Congressional hearing. The JOLTS report showed a decrease in job openings but still a high number, while private payrolls increased in February. The market made little movement and is waiting for more comprehensive nonfarm payrolls report on Friday.


Sentiment: NEUTRAL

Tickers: SI

Keywords: jobsjerome powellbusiness newsfederal reserve bankmarketsinterest ratesunited statesworld marketseconomic eventssilvergate capital corppoliticstechnologycryptocurrency

Source: https://www.cnbc.com/2023/03/09/stock-markets-everyones-anxious-about-fridays-jobs-report.html


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