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CNBC Daily Open: Slow hiring doesn’t mean increased layoffs - TL;DR CNBC

CNBC Daily Open: Slow hiring doesn’t mean increased layoffs

Publishing timestamp: 2024-09-05 21:06:45


Summary

Private sector hiring in the US is shrinking, with ADP reporting only 99000 new jobs in August. Markets were mostly down, with Nasdaq being the only index to see a slight increase. There are differing opinions on whether the Federal Reserve should slash interest rates by 50 basis points. Oil prices are falling, leading OPEC+ to delay its production hike. Nvidia's stock price has dropped significantly, but Bank of America sees it as a buying opportunity. The job market is a key indicator of economic health, and the latest data suggests a slowdown in hiring.


Sentiment: MIXED

Tickers: .DJINVDA.SPX.IXICJPM

Keywords: interest ratesjobsmarketsnvidia corpnasdaq compositejpmorgan chase & coworld marketsbusiness newsdow jones industrial averages&p 500 index

Source: https://www.cnbc.com/2024/09/06/stock-markets-slow-hiring-doesnt-mean-increased-layoffs.html


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