The S&P 500 dropped Friday, notching its worst week since March 2023, as investors assessed the fallout from a weak August jobs report and ditched leading technology stocks. The broad index slid 1.73% to settle at 5,408.42, while the Nasdaq Composite shed 2.55% to close at 16,690.83. The tech-heavy index ended the session more than…
Gold prices eased on Friday, retreating from near-record levels reached earlier in the session, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve later this month. Spot gold fell 0.8% to $2,495.86 per ounce by 1:59 p.m. ET (1759 GMT), having hit its highest since Aug. 20,…
Oil posted its biggest weekly drop in 11 months as a weak US jobs report added to concerns about tepid demand in the world’s largest consumer of crude. West Texas Intermediate fell 2.1% to settle at $67.67 a barrel, cementing the biggest weekly plunge since October 2023. While the US jobs data released Friday increased speculation that the Fed…
The dollar headed for a third daily drop and the yen rose to its highest in a month ahead of the US August payrolls report. Jobs data and a speech later Friday by Governor Christopher Waller on the economic outlook could help determine the magnitude of the Federal Reserve’s anticipated interest-rate cut later this month;…
The Nikkei 225 Index fell 0.3% to below 36,550 while the broader Topix Index dropped 0.5% to 2,607 on Friday, with Japanese shares sliding for the third straight session as a rallying yen continued to pressure domestic equities. The Nikkei and Topix indexes are also on track to decline about 5% and 4%, respectively, this…
Hong Kong scrapped morning trading of its $4.9 trillion stock market as the city extends a storm warning due to Super Typhoon Yagi, which skirted the region overnight as it headed for southern China. The city’s weather bureau issued its third-highest warning alert on Thursday evening, and reiterated early Friday that the Typhoon Signal 8 was expected…
