Nasdaq 100 Enters Bear Market, Dow In Correction Territory, Traders Await Fed Chair Powell's Remarks

Quick Summary:

Dip-buying remained absent in early Friday trading in New York, with Wall Street deep in the red as global trade war fears continued to escalate, despite the March jobs report showed continued signs of U.S.labor market resilience.The U.S.economy added 228,000 jobs in March—the strongest gain since December 2024—sharply beating expectations of 135,000, according to figures released by the Bureau of Labor Statistics.

Investors fear it may be the last strong print for a while, with the economic impact of rising tariffs expected to seep into the data in the coming months.

The unemployment rate ticked up just 0.1 percentage points to 4.2%, remaining low by historical standards, while wage growth broadly aligned with forecasts.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChina

Topics: Regulations US1491231015 Top Stories US81369Y3080 XLP US0299122012 Equities US2441991054 US4642874329 US26441C1053 IWM Government AMGN US1729674242 Federal Reserve INTC Broad U.S. Equity ETFs CAT XLE Benzinga US0311621009 US4642876555 COF US0970231058 US8552441094 US81369Y6059 Tech US4581401001 BA C SBUX Economics DUK DIA QQQ Sector ETFs DE XLU US81369Y8865 XLF Large Cap SPY TLT US78467X1090 AMT US78462F1030 ETFs Macro Economic Events US14040H1059 US73935A1043 US81369Y5069

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

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Article Type: News Report

Published On: 2025-04-04 @ 14:56:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Benzinga

News ID: 27587386

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