Shares of industrial and transportation companies ticked up as hopes for a rate cut offset concerns about the outlook for the labor market.
American workers’ confidence in finding a new job if they lose the position they currently hold has hit a record low, according to new polling released Monday by the Federal Reserve Bank of New York.
Preliminary revisions to 2024-25 monthly jobs tallies could paint an even gloomier picture of the jobs market, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
The worst-case scenario for the Fed and the markets is if the weakening in labor-market data coincides with signs of sustained inflation increases in consumer-price data due later this week. “If inflation remains high, [we’d be] concerned about stagflation and a whole new set of issues,” said Joyce.
Volkswagen will launch a range of small electric cars next year, with two models from the Volkswagen brand and one each from Cupra and Skoda, each with a starting price of around $29,300, as it seeks to capture about one fifth of the small but growing EV market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 08, 2025 17:37 ET (21:37 GMT)
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