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Nasdaq eyes higher open as chips pare losses, rate-hike fears linger teaser image

Nasdaq eyes higher open as chips pare losses, rate-hike fears linger

Nov 6 (Reuters) - The Nasdaq was set to open higher on Friday as chip stocks came off heavy losses posted during a sharp selloff on fears that a Democratic-led Congress could ‌result in tougher AI regulation, even as the jobs report raised interest-rate hike concerns.The Nasdaq Composite (.IXIC), logged its steepest one-day decline in 19 months in the previous session, confirming it had entered correction territory. The index was also headed for a fourth straight weekly fall.

Gold falls as U.S. payrolls surge by 165,000, strengthening December Fed hike case - Kitco AM Report teaser image

Gold falls as U.S. payrolls surge by 165,000, strengthening December Fed hike case - Kitco AM Report

Canada's unemployment rate edges up to six-month high in October teaser image

Canada's unemployment rate edges up to six-month high in October

Gold prices see some selling pressure as US economy created 165k in October teaser image

Gold prices see some selling pressure as US economy created 165k in October

Gold drops but stays on track for best week in over two months teaser image

Gold drops but stays on track for best week in over two months

Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs teaser image

Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs

US inflation too high; essential to get back to 2%: Fed's Williams

FRANKFURT, Nov 6 (Reuters) - US economic growth has remained resilient and the labour market is remarkably stable despite successive shocks, but inflation is too high ‌and must be brought back to 2%, New York Federal Reserve President John Williams said on Friday.

Wall St Week Ahead As tech swoon roils market, US inflation data on tap

NEW YORK, Nov 6 (Reuters) - Jolted investors head into next week with the US stock market on shaky ground, as deep selling in the pivotal AI trade creates unease ahead of the release of inflation data and earnings reports from several technology companies.

US job growth expected to pick up in October, with moderation in wage gains

WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls likely picked up in October, but an anticipated slowdown in annual wage growth to below 3.0% for the first time in nearly 5-1/2 years would reinforce the view that the labor market was not a source of inflation.

Wall Street critic Elizabeth Warren could be at the height of her power in new Congress teaser image

Wall Street critic Elizabeth Warren could be at the height of her power in new Congress

WASHINGTON, Nov 6 (Reuters) - Democratic progressive and one-time presidential candidate Elizabeth Warren has long been a vocal Wall Street critic, but next year the US senator from Massachusetts will likely have more power over the industry than ever before.