The S&P 500 closed 0.6 per cent higher on Friday, but had been down as much as 1.3 per cent after February’s jobs growth figure fell short of economists’ forecasts. However, the benchmark index rallied during the afternoon,
Follow along to the markets action after the worst day of the year for stocks, with the jobs report and a speech from Jerome Powell on tap.
U.S. stocks closed higher Friday after remarks from Federal Reserve Chair Jerome Powell appeared to calm the nerves of investors worried about the economic impact of new White House policies such as tariffs.
The stock market was rebounding on Friday after Federal Reserve Chair Jerome Powell said the U.S. economy is still in a good place. The Dow was up 46 points, or 0.1%. The S&P 500 was flat. The Nasdaq Composite was down 0.
The stock market was trying to stage a Friday comeback after Federal Reserve Chair Jerome Powell said the U.S. economy is still in a good place. The Dow was up 280 points, or 0.7%. The S&P 500 was up 0.
The February jobs report showed modest hiring, with just the start of DOGE job cuts and Trump tariffs by mid-month.
The major stock indexes greatly improved Friday afternoon following reassuring words about the economy from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average and the other major indexes climbed off the days lows and were in positive territory.
Wall Street is assessing the crucial monthly jobs report amid market uncertainty driven by President Donald Trump's volatile trade policy.
Wall Street is assessing the crucial monthly jobs report amid market uncertainty driven by President Donald Trump's volatile trade policy.