What the wave of tech layoffs tell us about the economy

Friday's jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst expectations of 200,000, even as unemployment ticked up to 3.7%.

News: What you need to know about the markets     What the wave of tech layoffs tell us about the economy Friday's jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst expectations of 200,000, even as unemployment ticked up to 3.7%. Read more »   What will the Fed do next? Follow the economy, not what Jerome Powell says The stock market has been on a roller coaster ride, largely because of Wall Street's shifting expectations about whether the Federal Reserve is going to slow down the pace and size of its interest rate hikes. Read more »   A recession in the US is not a slam dunk, Goldman Sachs says While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street's most powerful investment bank remains cautiously optimistic. Read more »   How the midterms could affect Wall Street Last week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed the market's dreams of a pivot and suggested that more big rate hikes are likely coming. But Wall Street is still turning its hopes to Washington. Read more »   Ryanair is booming as flyers ditch pricier airlines Ryanair carried a record number of passengers over the summer and says its budget friendly airfares will attract even more customers as Europe falls into a recession. Read more »   Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell One of the reasons for the record $1.6 billion jackpot for the Powerball drawing Saturday night is something you wouldn't expect -- the recent run of steep interest rate hikes from the Federal Reserve. Read more »

Dow Nasdaq S&P +423.78   +89.27   +36.25 32,827.00   10,564.52   3,806.80 +1.31%   +0.85%   +0.96% YTD -9.66%   YTD -32.47%   YTD -20.13%

Biggest Winners EQT Corp +7.55%   DXC Technology Co +4.88%   West Pharmaceutical Services Inc +4.80%   Roper Technologies Inc +4.19% Biggest Losers Dominion Energy Inc -6.24%   NiSource Inc -5.87%   Ceridian HCM Holding Inc -5.17%   Royal Caribbean Cruises Ltd -4.92%

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