(Reuters) -The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred concerns the economy may be slowing too fast as the Federal Reserve maintains a restrictive monetary policy. Equities were initially buoyed by gains in Meta...

WASHINGTON (Reuters) - U.S. employment likely increased at a slow, but still healthy pace in July, which could help to allay fears of a rapid labor market deterioration that had been stoked by a rise in the unemployment rate to a 2-1/2-year high of 4.1% in June. Some of the anticipated moderation in job growth last month was probably because...

07:44 AM EDT, 08/02/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for an increase versus the pound, ahead of the July employment report being released at 8:30 am ET. Nonfarm payrolls are expected to rise by 175,000, the unemployment rate is seen remaining at 4.1% and hourly earnings are expected to rise...

(Reuters) -Payments firm Block raised its forecast for annual adjusted core earnings on Thursday and boosted its share buyback program, betting on resilient consumer spending and sending its shares up 7.4% after the bell. A tight labor market has afforded job security for Americans, allowing them to continue spending on travel, shopping and dining out, even as interest rates stay...