Published on 11 Oct 2021 on Zacks via Yahoo Finance
Wall Street is continuing to show weakness in the current month and has remained volatile. The broad market indices like the S&P 500 and the Nasdaq Composite have declined 0.2% and 0.5%, respectively on Oct 8. Multiple issues have been impacting investor sentiments of late.
The latest jobs report for September has turned out to be disappointing as the U.S. economy has added the lowest so far this year. Notably, 194,000 jobs were added in September, missing the forecast of 500,000. Nonfarm employment has risen by 17.4 million since a recent trough in April 2020 but is down 3.3% from its pre-pandemic level in February 2020.
Going on, investors may have to handle certain issues like inflationary pressure, supply-chain challenges, possibilities of the Fed tapering the fiscal stimulus, China’s Evergrande crisis along with concerns over a debt-ceiling breach in October. These factors can also keep the stock market volatile.