Stock market news today February 7 2020
February 7, 2020
Stock market and finance news
Latest stock market news, business and finance news today, February 7,2020:
- Stock market live updates: Dow down 200, coronavirus names fall, Uber best day ever
- Opinion: Excessive optimism in the stock market suggests there are more declines ahead
- Stocks Slump After Torrid Run; Treasuries Rally: Markets Wrap
- China’s Tariff Cut on $75B in U.S. Imports A Stock Market Tailwind
After monetary stimulus last month, China just announced major February tariff cuts in a big improvement to the stock market outlook for 2020.
Source: CCN.com
“The U.S. labor market went from strength-to-strength in January, beginning 2020 by adding 225,000 jobs — but the unemployment rate ticked up to 3.6% (still a 50-year low) as more workers entered the labor pool, which drove up the participation rate to 63.4%. The blowout number was far above Wall Street’s consensus, and was presaged by Wednesday’s ADP private payrolls report.
Stock futures remain in the red, but pare some losses on the news, as coronavirus fears continue to weigh.”, Source: Yahoo Finance
