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S&P 500 on Track for Record Close Because Good News Is Good News Again
Barrons· 2026-02-11 14:33
Core Viewpoint - The S&P 500 is on track for a record close, nearing the 7000 level, as positive economic news is positively impacting the stock market [1] Stock Market Performance - The S&P 500 rallied by 0.6% and is approaching a record close [1] - The Dow Jones Industrial Average increased by 213 points, or 0.4%, aiming for its fourth consecutive closing high [1] - The Nasdaq Composite rose by 0.8% [1] Employment Data - The January employment report indicated that the U.S. added 130,000 nonfarm jobs, significantly exceeding economists' expectations of 75,000 [1] - This positive employment data comes after a series of weaker-than-expected labor market reports, which had led to cautious sentiment on Wall Street [1]
Wage Growth Remains on Downward Trend
Barrons· 2026-02-11 14:28
Wage Growth Remains on Downward TrendCONCLUDED[The U.S. Added 130,000 Jobs in January. Unemployment Rate Ticks Down to 4.3%.]Last Updated:---5 hours ago# Wage Growth Remains on Downward TrendBy[Megan Leonhardt]With job openings down and workers still reporting difficulty finding jobs, it's no surprise that wage growth is generally decelerating from the robust gains experienced in the aftermath of the Covid-19 pandemic. That said, January did provide a bit of relief.Average hourly earnings for all employees ...
Healthcare Still Leads as Job Engine
Barrons· 2026-02-11 14:11
Healthcare Still Leads as Job EngineCONCLUDED[The U.S. Added 130,000 Jobs in January. Unemployment Rate Ticks Down to 4.3%.]Last Updated:---5 hours ago# Healthcare Still Leads as Job EngineBy[Megan Leonhardt]Job growth varied dramatically by sector last month, though healthcare and social assistance remained stalwart employment engines.The healthcare sector started off the year strong with the addition of 82,000 jobs in January, after a softer month in December. That's much higher than the average monthly g ...
March Rate-Cut Odds Fade
Barrons· 2026-02-11 13:53
March Rate-Cut Odds FadeCONCLUDED[Stock Market News From Feb. 11, 2026: Dow Snaps 3-Day Record Streak]Last Updated:---10 hours ago# March Rate-Cut Odds FadeBy[Connor Smith]The hot January jobs report had traders rethinking bets on multiple interest-rate cuts before July.Odds of a quarter-point cut at the Federal Reserve's March policy meeting fell to 6% from 20.1% prior to the report.Through the June meeting, odds of no cuts surged to 40.4% from 24.8%. Odds of a single quarter-point cut were at 49.4% from 4 ...
Unity Software Stock Plummets 26% on Earnings. Weak Outlook Intensifies AI Worries.
Barrons· 2026-02-11 13:50
The maker of game-development software beats earnings expectations but issues weak guidance for the current quarter. ...
November, December Job Growth 17,000 Lower Than Previously Reported
Barrons· 2026-02-11 13:45
November, December Job Growth 17,000 Lower Than Previously ReportedCONCLUDED[The U.S. Added 130,000 Jobs in January. Unemployment Rate Ticks Down to 4.3%.]Last Updated:---5 hours ago# November, December Job Growth 17,000 Lower Than Previously ReportedBy[Megan Leonhardt]Along with the annual benchmark revisions, the Bureau lowered its initial estimates for November and December job growth by about 17,000 combined.Total nonfarm payroll employment for December was lowered by 2,000 positions. That took the init ...
Stock Futures Pop After Stronger-Than-Expected January Jobs Report
Barrons· 2026-02-11 13:37
Stock Futures Pop After Stronger-Than-Expected January Jobs ReportCONCLUDED[Stock Market News From Feb. 11, 2026: Dow Snaps 3-Day Record Streak]Last Updated:---11 hours ago# Stock Futures Pop After Stronger-Than-Expected January Jobs ReportBy[Connor Smith]Stock futures jumped after the delayed January jobs report came in stronger than expected.Dow futures rose 0.3%. S&P 500 rose 0.4%. Nasdaq 100 futures rose 0.4%.The U.S. economy added 130,000 nonfarm jobs in January. Economists polled by FactSet forecast j ...
Vertiv Stock Soars. Earnings Shake Off Concerns the AI Trade Is Losing Steam.
Barrons· 2026-02-11 13:34
Vertiv posts fourth-quarter earnings per share of $1.36 from sales of $2.9 billion. Wall Street was looking for $1.29 from sales of $2.9 billion. ...
T-Mobile Stock Drops. Why Earnings Are Spooking the Market.
Barrons· 2026-02-11 13:20
Core Insights - The wireless carrier missed Wall Street's earnings target due to fewer customer sign-ups than anticipated [1] Group 1 - The company experienced a shortfall in customer acquisitions, leading to lower-than-expected earnings [1]
PNC Bank Targets the Mass Affluent With New Banking and Investing Service
Barrons· 2026-02-11 13:00
Core Viewpoint - PNC Bank is launching a new integrated wealth management and banking service aimed at the mass affluent segment, specifically targeting clients at the lower end of the wealth spectrum [1] Group 1: Service Launch - The new service will combine banking and investment offerings to better serve the mass affluent clientele [1] - PNC Bank plans to hire hundreds of financial advisors and bankers to support this initiative [1] Group 2: Target Market - The focus is on clients who are considered mass affluent, indicating a strategic move to capture a growing segment of wealth management [1] - This initiative reflects a broader trend in the banking industry to cater to a wider range of wealth levels [1]