Wall Street: US interest rate hike sealed? Job market shows strong recovery
In view of the good job market numbers, the Nasdaq had to give up gains. At the same time, the Iran war is driving oil and gas prices further up.
US stock markets are showing mixed results on Friday as investors await the labour market report. The Nasdaq initially rose in futures but gave up gains after the report was released, showing stronger-than-expected results. The Dow and S&P 500 were already in the red before the market opened. Meanwhile, the conflict between the US and Iran has driven up oil prices by over 6% this week, with US diesel prices reaching a record high of $5.85 per gallon.
Several companies, including Samsara, Docusign, Lululemon, Oxford Industries, Guidewire, Asana, and eGain, have reported varying results.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
