Employment rose at the weakest pace since October 2022 with many firms saying they slowed hiring to cut costs
Oil prices rebounded a bit after plunging on Wednesday
U.S. service sector activity picked up slightly in November
US stocks rallied as bond yields rose ahead of the Labor Department's jobs report on Friday
Yields declined earlier this week as investors ramp up expectations for Fed rate cuts
The U.S. service sector activity saw a slight increase in November, however, the pace of employment growth was the weakest since October 2022. Many firms reported a slowdown in hiring as a measure to cut costs. This information comes ahead of the Labor Department's jobs report due on Friday, which economists predict will reflect weaker hiring numbers for November.
In the stock market, U.S. stocks rallied as bond yields rose in anticipation of the jobs report. Earlier this week, yields declined as investors increased expectations for Federal Reserve rate cuts. The S&P 500 is on track for a sixth week of gains as inflation and growth slow. However, stocks slipped on Wall Street ahead of key reports on the job market, which could impact the Federal Reserve's decision on interest rates. Technology companies, including Microsoft and Apple, were among the biggest weights on the market.
In company news, Spotify announced layoffs, while Uber was named to join the S&P 500 index. Alaska Air Group slumped after announcing a deal to buy Hawaiian Airlines. Oil prices also saw a slight rebound after a plunge on Wednesday.
The focus remains on the upcoming U.S. jobs report for November and its potential impact on the Federal Reserve's decisions regarding interest rates.
98%
No Doubts Found At Time Of Publication
98%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
80%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
U.S. service sector activity picked up slightly in November Employment rose at the weakest pace since October 2022 with many firms saying they slowed hiring to cut costs
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
98%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
80%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
US stocks rallied as bond yields rose ahead of the Labor Department's jobs report on Friday Yields declined earlier this week as investors ramp up expectations for Fed rate cuts Oil prices rebounded a bit after plunging on Wednesday
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
97%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
85%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Reuters
Thursday, 07 December 2023 14:49
Unique
Points
This article from Reuters discusses the futures market and the focus on jobs data It mentions that futures are edging up due to hopes of a pivot by the Federal Reserve
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
97%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
80%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Stock futures rise as investors anticipate more jobs data and potential interest rate cuts The S&P 500 is on track for a sixth week of gains as inflation and growth slow
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
96%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
80%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Stocks slipped on Wall Street ahead of key reports on the job market, which could impact the Federal Reserve's decision on interest rates Technology companies, including Microsoft and Apple, were among the biggest weights on the market Spotify announced layoffs, while Uber was named to join the S&P 500 index Alaska Air Group slumped after announcing a deal to buy Hawaiian Airlines
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)