” The stock market could have its day of reckoning over the next few days if earnings don’t live up to investors’ optimism.
The US stock market is approaching a do-or-die moment as US companies struggle to live up to investors’ lofty expectations.
The market’s valuations have become stretched, creating near impossible growth expectations for 2020.
This week as earnings season kicks off, investors can get a sense of whether or not the market can keep going.
Warnings about a US stock market crash have been plentiful over the past month as several key events threatened to take down the bull market we’ve all grown to love.
Stock market news. Stock trading, stock investing. These stocks made a 52-week low on Friday, January 10, 2020. Investing in stocks is risky, so further due diligence is required for these stocks. Here are these stocks making 52-week lows:
1. Sprint Corporation (S), close 4.8800-0.1200 (-2.40%)
2. Spirit AeroSystems Holdings, Inc. (SPR), close 69.70-3.09 (-4.25%)
3. Woori Financial Group Inc. (WF), close, 27.15-0.47 (-1.70%)
4. Qurate Retail, Inc. (QRTEA), close 8.50+0.54 (+6.78%)
5. Cinemark Holdings, Inc. (CNK), close 31.13+0.13 (+0.42%)
6. Six Flags Entertainment Corporation (SIX), close 35.96-7.80 (-17.82%)
7. Virtu Financial, Inc. (VIRT), close 15.22-0.62 (-3.91%)
Jobs report: U.S. economy adds 145,000 jobs in December, unemployment rate holds at 3.5%
“The U.S. labor market capped off 2019 with fewer than expected job gains and decelerating wage growth. The joblessness rate, however, held at a 50-year low.
Here were the main results from the Department of Labor’s report Friday compared to consensus estimates compiled by Bloomberg:
Change in non-farm payrolls: +145,000 vs. +160,000 expected and +256,000 in November
Unemployment rate: 3.5% vs. 3.5% expected and 3.5% in November
Average hourly earnings, month on month: +0.1%vs. +0.3% expected and +0.3% in November
Average hourly earnings, year on year: +2.9%vs. +3.1% expected and +3.1% in November
The latest jobs report included downward revisions to both October and November’s payroll gains. New jobs in October totaled 152,000, down 4,000 from the previous estimate. And payrolls in November were revised down by 10,000 to 256,000.”. Source: Yahoo Finance.
Economic and financial news move the stock market, as they are supposed to do so. Today a very important economic indicator, the December jobs report, non-farm payrolls will be released at 8:30 AM EST time. It can move stocks as in the past there has been increased volatility, as in the forex market as well.
What the US stock market is anticipating from the jobs report today
“The U.S. Department of Labor will deliver its December jobs report at 8:30 a.m. ET Friday.
The release is expected to cap off a strong year for the labor market, with the unemployment rate holding at a 50-year low and payrolls rising even as a temporary boost from November fades.
Here are the main results expected from the report, according to Bloomberg-compiled data as of Thursday afternoon:
Change in non-farm payrolls: +160,000 expected, vs. +266,000 in November
Unemployment rate: 3.5% expected, vs. 3.5% in November
Average hourly earnings, month on month: +0.3% expected, vs. +0.2% in November
Average hourly earnings, year on year: +3.1% expected, +3.1% in November
Payroll gains are poised to decrease in December after surging in November, when General Motors employees striking between September and October returned to work and pushed up results. But the end of the strike only accounted for a net 41,000 of November’s payroll gains – meaning underlying job growth was still well above the one-year trend even aside from the one-time effect.”. Source : Yahoo Finance.