“ADP research reported higher-than-expected numbers last month, and had a tendency to underestimate hiring in the past six months, so investors fear the job market won’t go in the direction the Fed expects,” he summarized. to AFP Jack Ablin, of Cresset.
Among the day’s values, Amazon fell 2.57% to $83.12 at close, its lowest level in four years.
The group, which employs 1.5 million people worldwide and hired heavily during the pandemic to respond to customer demand, announced 18,000 layoffs this Friday, the biggest cut in its history.
Shares of home goods store Bed Bath and Beyond tumbled 30% to $1.69. It is the lowest value in 30 years, since the firm does not rule out bankruptcy.
The Walgreens pharmacy store lost 6.1% on its side despite having obtained better-than-expected quarterly results. The company announced a massive $3.7 billion pool of funds to finance an amicable settlement that will end lawsuits over the opioid crisis in the United States.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
