SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Stocks · News reference
Retail investors are piling into GDX as gold-miner ETFs rally more than 20%. Explore six funds gaining from the latest surge.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.
Gold breaks away from real yield rules as central banks dump Treasuries for bullion. Discover why silver could be set to target $100+.
As gold tops $4,700, China is acquiring 'far more gold' than reported, fulfilling Scott Bessent's 2023 gold-backed Renminbi prediction.
Discover how streaming deals like Wheaton's $4.3B Antamina stream provide alternative capital for rising mine costs.