Wall Street Mixed: Job Gains, Unemployment Rise, Interest Rate Cuts Expected
Update: 2025-12-17
Description
Wall Street experienced a divided trading day on Tuesday, with the Nasdaq Composite closing higher, while the S&P five hundred and Dow Jones Industrial Average ended down. This decline was primarily due to a drop in healthcare and energy stock prices, affecting the overall market. Investors were closely watching delayed economic reports to predict the Federal Reserves interest rate decisions for next year. Job growth increased by 64,000 in November, rebounding from a previous decrease, but the unemployment rate rose to 4.6%. Retail sales remained flat in October, potentially influenced by a government shutdown. Analysts believe these figures might have been affected by slow data collection. Despite this, investors anticipate more interest rate cuts next year than previously suggested by the Fed. In other news, crude oil prices hit their lowest level since 2021, Pfizers stock fell due to weaker COVID-19 product sales, and B. Rileys stock surged after reporting a profit for its second quarter.
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