3 things investors need to know this week!
Welcome to the 100th edition of our newsletter!
Each week, we’ll share the top 3 things any investor needs?to know to help them stay on top of things.
The US labor market added 142K jobs in August, and unemployment dropped: According to the US Bureau of Labor Statistics' jobs report, 142,000 jobs were added to the US labor market in August, below economist expectations for 165,000 nonfarm payroll jobs. Additionally, the unemployment rate eased down to 4.2% from 4.3% in July, while US hourly earnings ticked up to 3.8% year-over-year.
Fed Must Decide If Quarter-Point Cut Will Be Enough for Workers: The Federal Reserve is set to begin unwinding its tightening campaign this month as inflation cools and the labor market slows. The big question policymakers now face is whether a small interest-rate cut will be enough to keep the economy in expansion mode.
The monthly jobs report on Friday showed that the pace of hiring in the US moderated over the last three months and has been slow since the onset of the pandemic in 2020. Even so, the numbers left investors skeptical as to whether Fed officials would opt for an outsize rate cut at their Sept. 17-18 meeting.
Nvidia stock tanks 4% amid rough week for chip stocks: Nvidia stock sank 4% on Friday as the semiconductor sector led a market sell-off in the final trading session of a volatile first week of September.
Nvidia's stellar growth streak this year has underpinned the market's performance. The stock led a sharp market rebound last month but failed to continue the rally in late August following a lackluster reception to the company's quarterly results. Nvidia shares have shed roughly 13% over the past four trading sessions.
React Developer
6 个月Perfect weekend read, thanks for the newsletter!