Share market today

2023 - 4 - 4

Post cover — Image courtesy of "Yahoo Finance"

Stocks sink, yields tumble, oil prices steady: Stock market news today (Yahoo Finance)

U.S. stocks sank, and oil prices slipped amid two key pieces of data: the JOLTS job openings survey, which showed a softening in the labor market, ...

Stock Market Today: Dow Falls After JOLTS Data (Barron's)

Stocks slipped Tuesday as new data signaled the labor market could be cooling. The Job Openings and Labor Turnover Survey for February showed the number of ...

Economists expect an increase of 240,000 payrolls in March, down from 311,000 in February.\n\n“Investors will want to see more evidence of slowing growth and a weakening labor market to reinforce hopes for both a less-hawkish Fed and soft landing in order for the recent stock market resilience to continue,” said Tom Essaye, the founder of Sevens Report Research.\n\nInflation remains in the spotlight as expectations shift for how much more the Fed will raise interest rates to tame decades-high price growth.\n\n“A much weaker-than-expected job openings report supports the argument for the Fed taking a pass on a rate hike at their next interest rate decision in early May,” wrote Bill Adams, chief economist for Comerica Bank. “But the Fed’s May decision is far from a slam dunk.”\n\n“If job growth in Friday’s jobs report or inflation in next week’s CPI report surprise to the upside, they could tip the balance toward another quarter percentage point hike,” Adams added.\n\nMarket stress has investors looking for a safe place, and they seem to have found one. Gold rose 2% to $2,039.80 on Tuesday, and traded as high as $2,043–the highest intraday level since March 9, 2022, when it reached $2,068.50, according to Dow Jones Market Data.\n\n“Bottom line, the near-term trend in gold is bullish, but until we get a close above the 2022 highs just shy of $2,060, the long-term trend remains neutral,” Essaye wrote.\n\nEarlier this week, crude prices were center stage after the OPEC+ group of oil-producing nations shocked markets with a surprise decision to cut output by more than one million barrels a day, which sent prices higher on Monday and reignited fears around inflation.\n\nIn the banking sector, JPMorgan Chase (ticker: JPM) CEO Jamie Dimon says “the current crisis is not yet over.”\n\n“And even when it is behind us, there will be repercussions from it for years to come,” Dimon wrote in his annual letter to shareholders on Tuesday. “And at some point the pace of firing’s will pick up as companies try to defend profit margins and respond to the slowing economic backdrop.”\n\nNow, attention turns to the March payrolls report on Friday, a key economic indicator for the Federal Reserve. The Nasdaq Composite was down 0.5%.\n\nThe Bureau of Labor Statistics reported February job openings clocked in at 9.93 million, lower than the 10.56 million disclosed in January and falling below the 10.4 million that economists expected, according to FactSet.\n\n“It was just a matter of when, not if, we were going to see evidence of lessened job demand in this data point,” wrote Peter Boockvar, chief investment officer at Bleakley Financial Group. Stocks slipped on Tuesday, as new labor market data raised concerns over the health of the U.S.

Stocks close lower Tuesday, Dow and S&P 500 snap four-day win ... (CNBC)

The three major averages fell on Tuesday. The S&P 500 shed 0.58% to close at 4,100.60, and the Dow Jones Industrial Average fell 198.77 points, or 0.59%, to ...

[Virgin Orbit](/quotes/VORB/) failed to secure enough funding to keep its business afloat and [filed for Chapter 11 bankruptcy protection](https://www.cnbc.com/2023/04/04/virgin-orbit-files-for-chapter-11-bankruptcy-protection-in-the-us.html) in the U.S. [Etsy](https://www.cnbc.com/quotes/ETSY/) — The e-commerce company's shares rose 3.9% after [Piper Sandler upgraded](https://www.cnbc.com/2023/04/04/piper-sandler-upgrades-etsy-cites-reaccelerating-active-buyer-growth.html) them to overweight from neutral. [Virgin Orbit](https://www.cnbc.com/quotes/VORBW/) — The satellite launch company sank 14% in the premarket after [filing for Chapter 11 bankruptcy protection](https://www.cnbc.com/2023/04/04/virgin-orbit-files-for-chapter-11-bankruptcy-protection-in-the-us.html). ](https://www.cnbc.com/2023/04/03/ron-desantis-calls-for-probe-into-disney-royal-clause-move.html) While it is true that this bank crisis 'benefited' larger banks due to the inflow of deposits they received from smaller institutions, the notion that this meltdown was good for them in any way is absurd," Dimon added. [Boeing](https://www.cnbc.com/quotes/BA/) — The aerospace manufacturer's stock dropped 0.8% after Northcoast Research downgraded shares to a sell rating. "And while the company may have not handled the position that it took very well, a company has a right to freedom of speech just like individuals do." [Caterpillar](/quotes/CAT/), which is also a member of the Dow, was among the worst performers in the sector as well with a 5% slide. [S&P 500](https://www.cnbc.com/quotes/.SPX/) declined by 0.58% to end the session at 4,100.60. Piper Sandler said that was an acceleration of the number of teens planning to reduce their consumption of meat alternatives from both their fall 2022 and spring 2022 surveys. Seven of the 11 sectors joined industrials in the red for the session. [The Nasdaq Composite](https://www.cnbc.com/quotes/.IXIC/) slipped 0.52%, closing at 12,126.33.

Stock Market Today: Dow ends lower as weaker industrials, fresh ... (Investing.com)

Investing.com -- The Dow closed lower Tuesday, as a slump in industrials and a wobble in banks amid fresh jitters that the banking turmoil isn't over just ...

[CAT](/equities/caterpillar)) and United Rentals, Inc. [Saved Items](/members-admin/saved-items) [Block List](/members-admin/settings-blocked-users) [MRO](/equities/marathon-oil)), Phillips 66 (NYSE: [PSX](/equities/phillips-66-ltd)), and Valero Energy Corporation (NYSE: [VLO](/equities/valero-energy)) were among the biggest losers, with the latter more than 8%. (NYSE: [URI](/equities/united-rentals)) after Baird downgraded the stocks to underperform. (NYSE:

Stock Market Today: Stocks Slip as Recession Worries Rise (Kiplinger's Personal Finance)

Downbeat economic reports ramped up recession fears Tuesday, putting pressure on stocks throughout the session. While the major market indexes traded higher ...

By Karee Venema • Published Right now, some of the best are offering rates of over 4%. With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. Yes, there may be plenty of [cheap stocks](https://www.kiplinger.com/investing/stocks/small-cap-stocks/601004/5-cheap-stocks-to-buy-for-10-or-less) to choose from, but it might be too soon to go bargain hunting. Does this make beaten-down [regional bank stocks](https://www.kiplinger.com/investing/are-regional-bank-stocks-a-buy) a buy? Overall, Dimon said, the economy is "pretty good," although he admitted there are "storm clouds ahead." [recession](https://www.kiplinger.com/slideshow/investing/t038-s001-recessions-10-facts-you-must-know/index.html) later this year, "consumers would enter it in far better shape than during the great financial crisis," said Jamie Dimon, CEO of JPMorgan Chase ( [JPM](https://www.kiplinger.com/tfn/ticker.html?ticker=JPM) (opens in new tab)) said in his [annual letter to shareholders](https://reports.jpmorganchase.com/investor-relations/2022/ar-ceo-letters.htm) (opens in new tab). However, this boost in [energy](https://www.kiplinger.com/economic-forecasts/energy) prices didn't translate to upside for [energy stocks](https://www.kiplinger.com/investing/stocks/best-energy-stocks). This was the third time in the last four months that orders for manufactured goods have declined. "As the economy slows, firms will likely cut openings and workers will be less likely to quit in search of better hours and higher pay." Downbeat economic reports ramped up recession fears Tuesday, putting pressure on stocks throughout the session.

Stock Market News Today: Stocks Fall to End Multi-Day Winning ... (TipRanks)

Last Updated 4:03 PM EST Stock indices finished today's trading session in the red. The Dow Jones Industrial Average (DJIA), the SP 500 (SPX), ...

Chairman Axel Lehmann was heard apologizing to shareholders for the sudden demise and takeover of the bank, on which the shareholders were not even allowed to vote. At the same time, the troubled bank Credit Suisse held its final annual general meeting prior to being Meanwhile, markets await the Job Openings and Labor Turnover Survey (JOLTS) report for February, which is due at 10:00 a.m. On the other hand, if the employment numbers show weakness, it may push the Fed to reconsider its monetary policy. Oil and gas stocks continue their upswing on expectations of better earnings in the future. This could also mean that the Federal Reserve may have to continue increasing interest rates to tame inflation. EST, the Dow Jones Industrial Average ( [XLI](https://www.tipranks.com/etf/xli)) was the session’s laggard, as it fell 2.23%. As a result, stock indices are down so far in today’s trading session. As of 10:24 a.m. Compared to yesterday, the market is pricing in a higher chance of a lower Fed Funds rate for June 2023. It’s important to remember that this data is for February, thus, making it a lagging indicator.

Stock Market Slides On New Bank Fears After JPMorgan Bank Crisis ... (Investor's Business Daily)

The stock market racked up losses as Tuesday's session progressed, with bank stocks suffering. Swiss footwear stock On is having a good day.

[KEY](https://research.investors.com/quote.aspx?symbol=KEY)) tanked 6%, U.S. The flag signals a move of at least 20% from the [buy point](https://www.investors.com/how-to-invest/investors-corner/the-best-stocks-have-crystal-clear-buy-points-heres-how-to-identify-them/) in 15 days or three weeks. [PD](https://research.investors.com/quote.aspx?symbol=PD)) reversed course, dropping 0.7%. [ONON](https://research.investors.com/quote.aspx?symbol=ONON)) added 3.4%, triggering a power pivot flag according to [MarketSmith pattern recognition](https://www.investors.com/product/marketsmith/?artProdLink=MarketSmith). [MRO](https://research.investors.com/quote.aspx?symbol=MRO)) gave back 3.2% after Monday's nearly 10% lift. [Recession Fears Hit Rally; AI Stock Dives As Losers Trounce Winners](https://www.investors.com/market-trend/stock-market-today/dow-jones-falls-on-recession-fears-ai-stock-crashes-many-groups-sell-off/) The Innovator IBD 50 ETF ( [FFTY](https://research.investors.com/quote.aspx?symbol=FFTY)) shed 1.3%. PD was Monday's [IBD 50 Stocks To Watch](https://www.investors.com/research/software-stock-hits-a-buy-point-explosive-eps-growth-expected/) pick. The iShares Russell 2000 ETF ( the -0.4% consensus. The London FTSE pulled back 0.5% in afternoon trading. The labor market finally showed signs of slowing after months of Fed tightening.X