Stock market update
Stock market data as of 2:00 PM EST Time, February 7, 2020:
S&P 500: 3,328.92,-16.86(-0.50%)
Dow 30: 29,116.33,-263.44(-0.90%)
Russell 2000: 1,661.48, -15.97(-0.95%)
Stock market live
A strong jobs data is not enough today to send the US stock market higher, all majot stock market indexes have losses as of 2:00 PM EST time.
Why is the stock market down today
It could be profit taking after the last record highs. Among most active stocks is Uber Technologies, Inc. (UBER), trading at 40.15+3.06 (+8.25%).
Stock market and finance news
Latest stock market news, business and finance news today, February 7,2020:
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