somrat4030
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Forex Forum, US Stock news and updates Dec-08, 2021
U.S. Stocks Turning In Lackluster Performance Following Recent Spike.
After moving sharply higher over the two previous sessions, stocks have shown a lack of direction in morning trading on Wednesday. The major averages have spent the morning bouncing back and forth across the unchanged line.
Currently, the major averages are narrowly mixed. While the Nasdaq is down 11.21 points or 0.1 percent at 15,675.70, the Dow is up 37.82 points or 0.1 percent at 35,757.25 and the S&P 500 is up 4.23 points or 0.1 percent at 4,690.98.
The choppy trading on Wall Street comes as traders express some uncertainty about the near-term outlook for the markets following recent volatility.
On the other hand, The number of open positions available to workers rose to 11 million last month while the percentage of people who quit edged down, the Labor Department reported on Wednesday.
Economists had forecast 10.5 million jobs would be open.
At this level, the ratio of available workers to jobs stands at 0.6, the lowest it has been since 2000.
While the pace of employment has steadily improved this year, with more than 500,000 new jobs being added on average each month, that slowed in October with only 210,000 jobs recorded – far below expectations of between 500,000 and 600,000. It is not yet clear how much of an impact the new omicron strain of the cvirus is having on the willingness of Americans to look for new jobs. For learn more about daily stock analysis, you can join a forex forum. This is the place for getting daily updates and learn more about forex trading.
Meanwhile, hires stood at 6.5 million in October, underlining that the worker shortage problem is still alive and kicking.
The number of US workers who quit their job decreased by more than 200,000 that month to 4.2 million, down from a record high in September.
The number of layoffs was more or less unchanged at 1.4 million.
Source: CNN Business
U.S. President Joe Biden spoke for over two hours with Russia's President Vladimir Putin on Tuesday, laying out what the U.S. would do if Russia invades Ukraine.
That brings US to the current standoff over Luhansk and Donetsk, areas in the Donbas region of eastern Ukraine on the border with Russia.
American intelligence says nearly 100,000 Russian soldiers have gathered nearby, and more are on the way, and Russia has prepared a series of other destabilization and disinformation measures to support an invasion.
The U.S. insists it has levers to pull and friends willing to help, setting the stage for a test of the Biden administration's broad belief in the value of alliances when standing up against authoritarians.
On the other hand, The U.S. is also trying to get Germany to join in a threat against Russia's cherished new Nord Stream 2 natural gas pipeline.
Germany's energy regulator has yet to approve the just-completed pipeline. The country's new foreign minister is a Green Party member who has previously expressed opposition to it, and new Chancellor Olaf Scholz has equivocated.
It's a tough dilemma for Germany.
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