US EditionAsia Shares Mostly Gained After Wall Street Wobbled over Strong Jobs Report
Stronger January jobs data lowered unemployment to 4.3%, boosting stocks while delaying Federal Reserve rate-cut expectations to July, with tech and energy sectors leading gains.
- On Wednesday, US stocks pushed toward record territory after US job growth accelerated in January and the unemployment rate fell to 4.3 per cent, lifting the S&P 500 and Nasdaq Composite to weekly highs.
- Market odds shifted, moving the likely first rate cut to July from June after an unexpected stall in December retail sales, according to LSEG data.
- Technology names helped lead gains, with Nvidia up 1.4 per cent and Apple up 0.8 per cent, as advancing issues outnumbered decliners on the NYSE.
- Industrial stocks such as Caterpillar lifted the Dow, while Goldman Sachs and JPMorgan Chase gained more than 1.0 per cent; nine of 11 S&P sectors rose, with energy up 2.0 per cent and the Russell 2000 hitting a two-week high.
- Jordan Rizzuto noted `Equities are viewing this favourably because the underlying employment picture looks like it's stronger than what's expected and most importantly maybe somewhat stronger than has been recently assessed and characterised by the FOMC`, despite ongoing concerns over earnings season and AI disruption.
65 Articles
65 Articles
Associated Press News
World shares mostly gain after Wall Street wobbled over strong jobs report
Global markets are mostly higher and Japan and South Korea set new records after Wall Street wobbled in reaction to stronger-than-expected U.S. jobs data.
Daily Journal
Most Asia markets rise as traders welcome US jobs
Most equities rose Thursday as investors cheered a bumper US jobs report that eased concerns about the state of the world's top economy, even as they pared back their bets on Federal Reserve interest rate cuts.
Watauga Democrat
US stocks move sideways after January job growth tops estimates
Wall Street stocks moved sideways Wednesday following solid US jobs data that boosted sentiment about the economy but dented prospects for imminent Federal Reserve interest rate cuts.
How major US stock indexes fared Wednesday, 2/11/2026
U.S. stocks wobbled after feeling both the upside and downside of a surprisingly strong report on the U.S. job market. After initially rising toward its all-time high on Wednesday, the S&P 500 flipped between gains and losses before finishing with…
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