U.S. stocks could open lower, as ‘worse-than-expected’ jobs data hits stock market
Stock markets across the globe are on edge as bad news from the United States is being delivered as bad economic data is pouring into the markets.
The U.K. and France have both been hit by weak economic data, while the U.A.E. is expected to report worse than expected jobs figures later today.
However, investors are betting that U.N. chief Antonio Guterres will continue to say that he has no plans to leave office on January 1, and that the European Union will keep its promise to accept refugees.
Ahead of the UN’s chief’s remarks, the Dow Jones industrial average fell more than 700 points to 2,845.25.
The S&P 500 gained nearly 4%, or 0.4%, to 2:23 p.m.
New York time.
The Nasdaq Composite rose about 3%, or 1.5%, to 5,086.17.
The Russell 2000 index of small-cap stocks closed down about 2.4% to 1,946.80.