Skip to main content

Featured

Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
Post a Comment
Read more

article

Labels

Ontario Braces for First Major Snow Squall Event of the Season



Ontario is gearing up for its first major snow squall event of the season, with meteorologists predicting overwhelming snow totals that could reach up to 50 cm. The multi-day event, starting late Thursday and continuing through the weekend, is expected to impact the traditional snowbelt regions, including London, Guelph, and parts of the Greater Toronto Area (GTA).

Snow squall watches and warnings have been issued for areas on the lee of the Great Lakes, with meteorologists warning of treacherous travel conditions due to intense accumulating snow and near-zero visibility. The coldest air of the season is expected to stir up the lake-effect snow machine, leading to persistent and potent snow squalls.

Drivers are urged to plan ahead and be prepared for sudden changes in weather conditions. While this may be great news for Ontario's ski resorts, it poses significant challenges for road travel.



Labels:

Comments

Post a Comment