{"id":110460,"date":"2024-10-04T23:00:54","date_gmt":"2024-10-04T16:00:54","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=110460"},"modified":"2024-10-04T23:00:54","modified_gmt":"2024-10-04T16:00:54","slug":"stock-gains-moderate-after-post-jobs-report-surge","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=110460","title":{"rendered":"Stock Gains Moderate After Post-Jobs-Report Surge"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"finance-liveblog-content_1-0\">\n<div id=\"mntl-liveblog-item_1-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-04t153536521z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_1-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Rivian Tumbles as EV Maker Slashes Production Outlook<\/strong><\/p>\n<p>25 minutes ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_1-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10042024-8723235#toc-2024-10-04t153536521z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_10-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Rivian Automotive (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=RIVN\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">RIVN<\/a>) shares sank Friday as the electric vehicle maker missed third-quarter delivery estimates and slashed its full-year production outlook because of difficulties in getting a part.\n<\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Rivian said it built 13,157 EVs in the quarter, and delivered 10,018. Analysts surveyed by Visible Alpha were looking for 12,08O deliveries. The company&#8217;s latest news extended a recent slide in a stock that has fallen from levels seen this summer following an\u00a0<a href=\"https:\/\/www.investopedia.com\/rivian-stock-soars-50-after-ev-maker-secures-usd5b-investment-from-volkswagen-8669293\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">investment from Volkswagen<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The company cut its 2024 production estimate because of a supply shortage of a component used to build its R1S SUV and RCV commercial van. It added that the issue began in the third quarter, and \u201chas become more acute in recent weeks and continues.\u201d\n<\/p>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Rivian now anticipates it will manufacture 47,000 to 49,000 EVs this year, down from its previous forecast of 57,000.\n<\/p>\n<figure id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\">\n<\/figure>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Rivian shares were down 7% in recent trading and have lost more than half their value since the start of the year.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Bill McColl<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_2-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-04t150313828z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_2-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Frontier, JetBlue Soar on Report of Spirit Bankruptcy Talks <\/strong><\/p>\n<p>57 minutes ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_2-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10042024-8723235#toc-2024-10-04t150313828z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of Frontier Group Holdings (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ULCC\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">ULCC<\/a>) and JetBlue Airways (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=JBLU\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">JBLU<\/a>) took off Friday on a report that discount airline rival Spirit Airlines (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=SAVE\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">SAVE<\/a>) is considering a\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/b\/bankruptcy.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\">bankruptcy<\/a>\u00a0filing. Spirit shares\u00a0<a href=\"https:\/\/www.investopedia.com\/spirit-airlines-stock-plunges-on-report-of-potential-bankruptcy-filing-8723215\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"5\">plunged<\/a>\u00a025% soon after markets opened.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <em>The Wall Street Journal\u00a0<\/em>reported that Spirit is in discussions with bondholders and other creditors about possible terms for a\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/c\/chapter11.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Chapter 11<\/a>\u00a0filing, although it noted such a filing would not be imminent. The paper said that Spirit is also looking at restructuring its\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/b\/balancesheet.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">balance sheet<\/a>\u00a0through an out-of-court deal, although the focus was on the bankruptcy negotiations.\n<\/p>\n<figure id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_1-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>Kevin Carter \/ Getty Images<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Spirit has faced losses and falling revenue on tougher competition from both low-cost rivals and bigger airlines. It failed in its $6.6 billion plan to merge with Frontier in 2022. Following that, Spirit agreed to a\u00a0<a href=\"https:\/\/www.investopedia.com\/jetblue-makes-bid-for-spirit-5224972\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">takeover by JetBlue<\/a>, only to see that fall through this year as regulators challenged it over antitrust concerns.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Frontier shares were up 21% in recent trading, while JetBlue gained 17%.\n<\/p>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Bill McColl<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_3-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-04t135030710z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_3-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Treasury Yields Rise, Rate Cut Expectations Fall<\/strong><\/p>\n<p>2 hr 10 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_3-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10042024-8723235#toc-2024-10-04t135030710z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Treasury yields jumped and the market\u2019s expectations for interest rate cuts plummeted on Friday morning after the surprisingly strong jobs report dispelled some fears that the Federal Reserve needs to come to the rescue of a weakening labor market.\n<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Market participants slashed their rate cut forecasts in the wake of the report. The odds of the Fed cutting rates by 50 basis points, or half a percentage point, at its next meeting in November slumped from 30% to about 5%, according to federal funds futures trading data. Market participants are now pricing in less than a 30% chance that the Fed will cut its benchmark rate by a total of 75 basis points by year&#8217;s end, which compares with the 56% odds that were priced in yesterday.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The readjusted expectations aligned Wall Street\u2019s view with that of Fed officials, who in their quarterly economic projections\u00a0<a href=\"https:\/\/www.investopedia.com\/detangling-the-dot-plot-federal-reserve-september-2024-meeting-8714752\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">forecast making modest rate cuts<\/a>\u00a0at each of its two remaining meetings this year.\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Treasury yields soared in the wake of the report, with the 10-year yield jumping about 10 basis points to 3.95%, its highest level since mid-August. The yield on the 2-year Treasury, which is heavily influenced by the market\u2019s expectations for the Fed\u2019s benchmark interest rate, leapt 15 basis points to 3.87%, a one month high.\n<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/colin-laidley-5218536\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Colin Laidley<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_4-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-04t115706889z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_4-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Major Index Stock Futures Higher Ahead of Jobs Data<\/strong><\/p>\n<p>4 hr 3 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_4-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10042024-8723235#toc-2024-10-04t115706889z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Futures tied to the Dow Jones Industrial Average were up 0.1%.\n<\/p>\n<figure id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_2-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> S&amp;P 500 futures were up 0.3%.\n<\/p>\n<figure id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_3-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nasdaq 100 futures were up 0.4%.\n<\/p>\n<figure id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_4-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/dow-jones-today-10042024-8723235\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rivian Tumbles as EV Maker Slashes Production Outlook 25 minutes ago Rivian Automotive (RIVN) shares sank Friday as the electric vehicle maker missed third-quarter delivery estimates and slashed its full-year &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=110460\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-110460","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/110460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110460"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/110460\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}