Stocks Rebound After Selloff As October Hiring Slump Fuels Interest Rate Cut Bets: 10 ETFs To Watch Friday

Quick Summary:

A hiring freeze in October lifted market expectations for a Federal Reserve interest rate cuts, providing relief to U.S.stocks after Thursday's decline.The U.S.economy added only 12,000 jobs in October, 211,000 fewer than in September.

Market pricing now reflects a full probability of a 25-basis-point rate cut at next week's Federal Reserve meeting, with the likelihood of another cut in December surging to 85%, according to the CME FedWatch tool.

Hurricanes, Strikes Knock October Employment Down

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: MAGS Macro Economic Events USO Sector ETFs Commodities QQQ ETFs Equities US4642876555 XLY Economics INTC IWM US78463V1070 Econ #s US91232N1081 Tech Large Cap AMZU US81369Y4070 Jobs Employment Specialty ETFs GLD US4581401001 US73935A1043 US4642887529 Broad U.S. Equity ETFs SPY SOXX AMZN Stories That Matter Interest Rates Federal Reserve Benzinga IL0010829161 ITB US78462F1030 Top Stories US0231351067 US4642875235

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 14:17:21 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23365049

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 20 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions