5 things to know before the stock market opens Friday
Publishing timestamp: 2024-04-05 07:05:47
Summary
The Labor Department will release its March jobs report, U.S. Treasury Secretary Janet Yellen started her first full day of meetings in China, and Ford announced a delay in production of new all-electric large SUV and pickup truck. The markets dropped due to spike in oil prices and fears of Federal Reserve delaying interest rate cuts. Yellen encouraged China to pursue market-oriented reforms and collaborate on climate change. Retailers like Peloton, Saks, Express, and Bath & Body Works are reportedly paying vendors late, which could indicate financial distress.
Sentiment: MIXED
Tickers: PTON, BBWI, F, .DJI, EXPR, @CL.1, .SPX, .IXIC,
Keywords: investment strategy, janet yellen, personnel, bath & body works inc, markets, china, economy, beijing, peloton interactive inc, ford motor co, business news, business,
Source: https://www.cnbc.com/2024/04/05/5-things-to-know-before-the-stock-market-opens-friday-april-5.html