CNBC Daily Open: December jobs data is startlingly strong
Publishing timestamp: 2024-01-07 18:38:20
Summary
The US labor market added more jobs than expected in December, with the unemployment rate holding steady and average hourly earnings rising. However, US stocks experienced a weekly decline, and the grounding of Boeing 737 Max 9 aircraft and potential Apple antitrust lawsuit added further concerns. The upcoming US consumer price index report and earnings reports from big banks will be closely watched. While the job numbers are positive, there are signs of slowing growth and weakness in the labor market.
Sentiment: MIXED
Tickers: .DJI, BA, C, AAPL, JPM, .IXIC, .SPX, BAC,
Keywords: dow jones industrial average, s&p 500 index, jobs, boeing co, nasdaq composite, interest rates, citigroup inc, markets, united states, world markets, business news, bank of america corp, jpmorgan drn, federal reserve bank, personnel, apple inc, economic events, labor economy, technology,
Source: https://www.cnbc.com/2024/01/08/stock-markets-december-jobs-data-is-startlingly-strong.html