"Wall Street Braces for Jobs Report After Dow's Worst Day in Over a Year"

1 min read
Source: CNBC
"Wall Street Braces for Jobs Report After Dow's Worst Day in Over a Year"
Photo: CNBC
TL;DR Summary

Dow futures remained flat after the index's worst day in over a year, with investors awaiting the release of key labor data. The selloff on Wall Street led to the Dow's biggest daily drop since March 2023, while the S&P 500 and Nasdaq Composite also tumbled. Market participants are wondering if a correction is warranted following strong first-quarter gains. The upcoming jobs report is highly anticipated, with economists expecting nonfarm payrolls to grow by 200,000 jobs and the unemployment rate to tick down to 3.8% in March. Additionally, investor bullishness remains above average for the 22nd consecutive week, and stocks are on track for notable weekly losses.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 5 min read

Condensed

89%

952107 words

Want the full story? Read the original article

Read on CNBC