{"id":487,"date":"2023-02-07T10:02:22","date_gmt":"2023-02-07T15:02:22","guid":{"rendered":"https:\/\/embarrdowns.com\/u-s-stocks-open-lower-as-fed-rate-hike-fears-grow\/"},"modified":"2023-02-07T10:02:22","modified_gmt":"2023-02-07T15:02:22","slug":"u-s-stocks-open-lower-as-fed-rate-hike-fears-grow","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/u-s-stocks-open-lower-as-fed-rate-hike-fears-grow\/","title":{"rendered":"U.S. Stocks Open Lower as Fed Rate Hike Fears Grow"},"content":{"rendered":"

U.S. stocks opened lower on Monday as investors reacted to the hot January jobs report that sparked fears of higher inflation and an eventual rate hike from the Federal Reserve.[0]<\/a><\/sup> The Dow Jones Industrial Average dropped 0.1%, or 35 points, while the S&P 500 fell 0.6% and the Nasdaq Composite ended 1% lower.[1]<\/a><\/sup><\/p>\n

The 10-year U.S. Treasury yield rose 10 basis points to 3.64%, while the 2-year yield rose 16 basis points to 4.46%.[2]<\/a><\/sup> Among active stocks, Chegg (CHGG) slumped on a dour outlook.[3]<\/a><\/sup><\/p>\n

International Trade in Goods and Services reported a trade balance of -$67.40B, worse than the -$68.8B expected, but improved from the -$61.00B in November.[4]<\/a><\/sup><\/p>\n

Investors will be watching for remarks on Tuesday from Federal Reserve Chair Jerome Powell, who will speak at the Economic Club of Washington, D.C. at noon ET.[5]<\/a><\/sup> Notable companies reporting this week include Disney (DIS), BP (BP), PepsiCo (PEP), Uber (UBER), Chipotle Mexican Grill (CMG), and AbbVie (ABBV).[6]<\/a><\/sup> <\/p>\n

Additionally, Dell Technologies (DELL) announced it will eliminate about 6,650 jobs, or roughly 5% of its global workforce.[7]<\/a><\/sup> Meanwhile, oil prices ticked up, with West Texas Intermediate (WTI) crude up 0.7% to $73.93 per barrel.[1]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. stocks open lower adding to losses after shocking jobs report” MarketWatch, 6 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stocks-open-lower-adding-to-losses-after-shocking-jobs-report-01675694113<\/a><\/a><\/p>\n

1. <\/span>“Stock market news today: Yields jump ahead of speech from Fed’s Powell” Markets Insider, 6 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-dow-sp500-bond-yields-jerome-powell-2023-2<\/a><\/a><\/p>\n

2. <\/span>“Stock Market On The Defensive Ahead Of Powell’s Comments; C3.ai Up 150% | Investor’s Business Daily” Investor’s Business Daily, 6 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-catches-it-breath-after-recent-gains-onsemi-shows-strength\/<\/a><\/a><\/p>\n

3. <\/span>“Dow futures slip 30 pts; seeking direction ahead of Powell speech By Investing.com” Investing.com, 7 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-slip-30-pts-seeking-direction-ahead-of-powell-speech-2996962<\/a><\/a><\/p>\n

4. <\/span>“Nasdaq, S&P futures rebound slightly as Wall Street awaits Jay Powell” Seeking Alpha, 7 Feb. 2023, https:\/\/seekingalpha.com\/news\/3932699-nasdaq-sp500-dow-jones-stock-market<\/a><\/a><\/p>\n

5. <\/span>“Nasdaq, S&P, Dow trade mixed as Wall Street awaits Jay Powell” msnNOW, 7 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/nasdaq-sandp-dow-trade-mixed-as-wall-street-awaits-jay-powell\/ar-AA17c82Q<\/a><\/a><\/p>\n

6. <\/span>“Stock Market News Today: Indices Begin Week on a Low Note” TipRanks, 6 Feb. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-down-on-solid-jobs-report-and-fed-speech-ahead<\/a><\/a><\/p>\n

7. <\/span>“Stock market news live updates: Stocks start week lower as investors ponder Fed’s rate path” Yahoo News, 6 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-6-2023-111713832.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks opened lower on Monday as investors reacted to the hot January jobs report that sparked fears of higher inflation and an eventual rate hike from the Federal Reserve.[0]<\/a><\/sup> The Dow Jones Industrial Average dropped 0.1%, or 35 points, while the S&P 500 fell 0.6% and the Nasdaq Composite ended 1% lower.[1]<\/a><\/sup><\/p>\n

The 10-year U.S. Treasury yield rose 10 basis points to 3.64%, while the 2-year yield rose 16 basis points to 4.46%.[2]<\/a><\/sup> Among active stocks, Chegg (CHGG) slumped on a dour outlook.[3]<\/a><\/sup><\/p>\n

International Trade in Goods and Services reported a trade balance of -$67.40B, worse than the -$68.8B expected, but improved from the -$61.00B in November.[4]<\/a><\/sup><\/p>\n

Investors will be watching for remarks on Tuesday from Federal Reserve Chair Jerome Powell, who will speak at the Economic Club of Washington, D.C. at noon ET.[5]<\/a><\/sup> Notable companies reporting this week include Disney (DIS), BP (BP), PepsiCo (PEP), Uber (UBER), Chipotle Mexican Grill (CMG), and AbbVie (ABBV).[6]<\/a><\/sup> <\/p>\n

Additionally, Dell Technologies (DELL) announced it will eliminate about 6,650 jobs, or roughly 5% of its global workforce.[7]<\/a><\/sup> Meanwhile, oil prices ticked up, with West Texas Intermediate (WTI) crude up 0.7% to $73.93 per barrel.[1]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. stocks open lower adding to losses after shocking jobs report” MarketWatch, 6 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stocks-open-lower-adding-to-losses-after-shocking-jobs-report-01675694113<\/a><\/a><\/p>\n

1. <\/span>“Stock market news today: Yields jump ahead of speech from Fed’s Powell” Markets Insider, 6 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-dow-sp500-bond-yields-jerome-powell-2023-2<\/a><\/a><\/p>\n

2. <\/span>“Stock Market On The Defensive Ahead Of Powell’s Comments; C3.ai Up 150% | Investor’s Business Daily” Investor’s Business Daily, 6 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-catches-it-breath-after-recent-gains-onsemi-shows-strength\/<\/a><\/a><\/p>\n

3. <\/span>“Dow futures slip 30 pts; seeking direction ahead of Powell speech By Investing.com” Investing.com, 7 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-slip-30-pts-seeking-direction-ahead-of-powell-speech-2996962<\/a><\/a><\/p>\n

4. <\/span>“Nasdaq, S&P futures rebound slightly as Wall Street awaits Jay Powell” Seeking Alpha, 7 Feb. 2023, https:\/\/seekingalpha.com\/news\/3932699-nasdaq-sp500-dow-jones-stock-market<\/a><\/a><\/p>\n

5. <\/span>“Nasdaq, S&P, Dow trade mixed as Wall Street awaits Jay Powell” msnNOW, 7 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/nasdaq-sandp-dow-trade-mixed-as-wall-street-awaits-jay-powell\/ar-AA17c82Q<\/a><\/a><\/p>\n

6. <\/span>“Stock Market News Today: Indices Begin Week on a Low Note” TipRanks, 6 Feb. 2023, https:\/\/www.tipranks.com\/news\/stock-market-news-today-futures-down-on-solid-jobs-report-and-fed-speech-ahead<\/a><\/a><\/p>\n

7. <\/span>“Stock market news live updates: Stocks start week lower as investors ponder Fed’s rate path” Yahoo News, 6 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-6-2023-111713832.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/487"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=487"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}