CNBC Daily Open: Jobs market is still hot — will it influence Fed?
Publishing timestamp: 2024-01-08 02:30:01
Summary
The US labor market added more jobs than expected in December, with average hourly earnings also higher than forecast. However, there are signs of weakness in the labor market and slower growth compared to previous years. The stock market had a negative week, but some analysts believe certain sectors in Asia-Pacific markets will perform well. The US Federal Aviation Administration has ordered the temporary grounding of Boeing 737 Max 9 aircraft. Demand for AI applications is expected to boost memory chip stocks.
Sentiment: MIXED
Tickers: .DJI, BA, C, AAPL, JPM, .HSI, .IXIC, .SPX, .SSEC, BAC,
Keywords: dow jones industrial average, s&p 500 index, jobs, boeing co, nasdaq composite, interest rates, citigroup inc, markets, shanghai, united states, world markets, business news, bank of america corp, jpmorgan drn, federal reserve bank, personnel, aerospace and defense industry, apple inc, hang seng index, economic events, labor economy, technology,