Market News and Commentary – Wall Street Underground

By Nick Guarino | October 5, 2018

Tech Stocks Tumble As Market Momentum Stalls

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Job growth slumps in September, but the unemployment rate hits the lowest level since 1969. Top U.S. admiral warns of Russian submarine threat. Ford to cut jobs as it reorganizes salaried workforce. Netflix is down 15% from its high, and there could be more pain ahead. Consumer credit grows $20.1 billion in August, fastest pace in three months. Mattress Firm is about to close more than 200 stores. Canadian crude hits record low vs. U.S. amid pipeline bottlenecks. British stocks posts biggest weekly drop in six months on strong U.S. jobs report. Oil prices mark weekly gain ahead of Iran sanctions. Gas fracking to start in England next week after seven-year halt. These stories and more in today’s Market News and Commentary.

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