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Wall Street set to fall as solid jobs data fuels rate hike worries

By Devik Jain and Anisha Sircar (Reuters) - Wall Street's main indexes were set to open sharply lower on Friday as a solid jobs report bolstered the case for the Federal Reserve...
Wall Street set to fall as solid jobs data fuels rate hike worries © Reuters. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2022. REUTERS/Andrew Kelly

By Devik Jain and Anisha Sircar

(Reuters) - Wall Street's main indexes were set to open sharply lower on Friday as a solid jobs report bolstered the case for the Federal Reserve to continue on its aggressive policy tightening path.

Data showed U.S. employers hired far more workers than expected in July, with the unemployment rate falling to a pre-pandemic low of 3.5%, the strongest evidence yet that the economy was not in recession.

"What we have heard from the various Fed governors this week about it being too early to pivot away from a tightening policy is definitely in place with the jobs report that is 'this hot'," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

"It gives the Fed reason to continue to raise rates and that is what got the market on edge."

A bevy of policymakers have this week near uniformly flagged the central bank remains determined to press ahead with rate hikes until it sees strong and long-lasting evidence that inflation is trending lower towards the Fed's 2% goal.

Markets are now pricing in a 65.5% chance of a 75-basis-point interest rate hike in September, up from 40% before the data. The central bank has already increased rates by 2.25 percentage points so far this year.

U.S. Treasury yields extended their rise after the report, likely putting pressure on high-growth stocks such as Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL).

Worries about an aggressive rise in borrowing costs, the war in Ukraine, Europe's energy crisis and COVID-19 flare-ups in China have rattled equities this year and prompted investors to adjust their earnings expectations for corporate America.

However, the second-quarter earnings season has showed companies were far more resilient than estimated. Of the 410 S&P 500 companies that have reported earnings so far, 77.1% reported above analyst expectations, according to Refinitiv data.

At 8:46 a.m. ET, Dow e-minis were down 203 points, or 0.62%, S&P 500 e-minis were down 39.75 points, or 0.96%, and Nasdaq 100 e-minis were down 169 points, or 1.27%.

Lyft Inc (NASDAQ:LYFT) rose 6.6% in premarket trading as the ride-hailing firm forecast an adjusted operating profit of $1 billion for 2024 after posting record quarterly earnings.

DoorDash Inc gained 5.1% after the food delivery firm raised annual target for a key industry metric, saying it does not expect a slowdown in demand as consumers continue to order in despite decades-high inflation.

Block Inc fell 7.1% as the digital payments company slowed hiring and said it will slash 2022 investment target by $250 million, after a slump in bitcoin prices drove the Jack Dorsey-led firm to a loss in the second quarter.

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16-08-2022 21:02:06 (UTC+7)

EUR/USD

1.0174

+0.0014 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0174

+0.0014 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2089

+0.0035 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

USD/JPY

134.43

+1.11 (+0.83%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.7019

-0.0003 (-0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.2874

-0.0030 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

136.75

+1.30 (+0.96%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (2)

EUR/CHF

0.9660

+0.0046 (+0.48%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (10)

Sell (1)

Gold Futures

1,790.30

-7.80 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Silver Futures

20.093

-0.179 (-0.88%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (7)

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Copper Futures

3.6295

+0.0120 (+0.33%)

Summary

Neutral

Moving Avg:

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Sell (5)

Indicators:

Buy (2)

Sell (6)

Crude Oil WTI Futures

89.67

+0.26 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (3)

Brent Oil Futures

95.17

+0.07 (+0.07%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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Natural Gas Futures

9.254

+0.526 (+6.03%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (7)

Sell (0)

US Coffee C Futures

222.30

-3.20 (-1.42%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (8)

Sell (1)

Euro Stoxx 50

3,790.45

+0.83 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (10)

Sell (0)

S&P 500

4,284.78

-12.36 (-0.29%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (8)

Sell (2)

DAX

13,830.69

+14.08 (+0.10%)

Summary

Neutral

Moving Avg:

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Sell (8)

Indicators:

Buy (7)

Sell (1)

FTSE 100

7,546.15

+37.00 (+0.49%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

Buy (8)

Sell (0)

Hang Seng

19,830.52

-210.34 (-1.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

US Small Cap 2000

2,003.50

-16.90 (-0.84%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (3)

Sell (6)

IBEX 35

8,503.94

+76.94 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

BASF SE NA O.N.

44.145

+0.085 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (4)

Bayer AG NA

53.91

+0.35 (+0.65%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

179.45

+0.67 (+0.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Adidas AG

170.51

-2.43 (-1.41%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (2)

Deutsche Lufthansa AG

6.690

-0.044 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Siemens AG Class N

111.38

-0.82 (-0.73%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

8.989

+0.047 (+0.53%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (5)

Sell (2)

 EUR/USD1.0174↑ Buy
 GBP/USD1.2089↑ Buy
 USD/JPY134.43↑ Sell
 AUD/USD0.7019↑ Buy
 USD/CAD1.2874↑ Sell
 EUR/JPY136.75↑ Buy
 EUR/CHF0.9660↑ Buy
 Gold1,790.30↑ Buy
 Silver20.093↑ Buy
 Copper3.6295Neutral
 Crude Oil WTI89.67↑ Buy
 Brent Oil95.17↑ Buy
 Natural Gas9.254↑ Buy
 US Coffee C222.30Neutral
 Euro Stoxx 503,790.45Neutral
 S&P 5004,284.78Neutral
 DAX13,830.69Neutral
 FTSE 1007,546.15↑ Buy
 Hang Seng19,830.52↑ Buy
 Small Cap 20002,003.50↑ Sell
 IBEX 358,503.94↑ Buy
 BASF44.145↑ Sell
 Bayer53.91↑ Sell
 Allianz179.45Buy
 Adidas170.51Neutral
 Lufthansa6.690↑ Sell
 Siemens AG111.38↑ Buy
 Deutsche Bank AG8.989Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,580/ 6,680
(-10/ -10) # 1,639
SJC HCM6,600/ 6,700
(-10/ -10) # 1,659
SJC Hanoi6,600/ 6,702
(-10/ -10) # 1,661
SJC Danang6,600/ 6,702
(-10/ -10) # 1,661
SJC Nhatrang6,600/ 6,702
(-10/ -10) # 1,661
SJC Cantho6,600/ 6,702
(-10/ -10) # 1,661
Cập nhật 16-08-2022 21:02:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,774.98-3.49-0.20%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.15-1.35-1.54%
Brent$94.67-1.71-1.84%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.230,0023.540,00
EUR23.145,5524.441,71
GBP27.456,8428.627,78
JPY171,08181,12
KRW15,4318,80
Cập nhật lúc 18:54:08 16/08/2022
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