Tuesday, April 16, 2024
Homecompanies marketsMarket volatility continues, even amid cautious optimism on cooling US labour market...

Market volatility continues, even amid cautious optimism on cooling US labour market and inflation

SINGAPORE – Bad news for the economy is good news for equities, and this was the case as Wall Street stocks rallied last Friday on data showing that unemployment in the United States edged higher in August.

The closely watched Dow Jones Industrial Average and the broader S&P 500 ended the week on a positive note as the US Labour Department released numbers showing that non-farm payrolls increased by 187,000 jobs in August.

Already a subscriber?

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital


No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

All subscriber-only content on ST app and straitstimes.com

Easy access any time via ST app on 1 mobile device

E-paper with 2-week archive so you won’t miss out on content that matters to you

Join ST’s Telegram channel and get the latest breaking news delivered to you.

p.st_telegram_boilerplate:before {
display: inline-block;
content: ” “;
border-radius: 6px;
height: 6px;
width: 6px;
background-color: #12239a;
margin-left: 0px;
margin-right: 13px;

a.st_boilerplate {
font-family: “SelaneWebSTForty”, Georgia, “Times New Roman”, Times, serif;

- Advertisment -

Most Popular