S&P 500, Nasdaq snap losing streaks as jobless claims rise

Weekly jobless claims rise consistent with estimates Moderna, Pfizer up as FDA clears up to date COVID boosters Exxon rises after boosting buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec. 8 (Reuters) – The S&P 500 (.SPX) closed greater on Thursday, snapping a five-session dropping streak, as traders interpreted knowledge displaying an … Read more

US labor market still tight despite continuous claims hitting 10-month high

Weekly jobless claims rise from 4,000 to 230,000 Persevering with claims rise 62,000 to 1,671 million WASHINGTON, Dec 8 (Reuters) – The variety of Individuals submitting new claims for jobless advantages elevated modestly final week, pointing to a nonetheless sturdy and tight job market regardless of rising fears of a recession because the Federal Reserve … Read more

Wall St plunges as strong services data causes jitters about Fed direction

US service sector exercise picks up in November Tesla cuts manufacturing plan for Shanghai plant for December: sources All sectors of the S&P 500 fall, and power shares are hit laborious Indices down: Dow 1.26%, S&P 1.61%, Nasdaq 1.7% Dec 5 (Reuters) – Main U.S. benchmark indices fell on Monday as buyers feared better-than-expected service … Read more

‘We are not your enemy,’ say South Korean truckers on strike over minimum wage protection

UIWANG, South Korea, Dec 5 (Reuters) – Inside 5 white tents outdoors the Uiwang container depot close to Seoul, some 200 hanging truckers huddle round fuel heaters, attempting to fight the bitter chilly and the federal government narrative that they’re nicely paid by the “labour aristocracy”. .” They’re nicely conscious of the impression their strike … Read more