{"id":352058,"date":"2025-12-16T16:29:07","date_gmt":"2025-12-16T16:29:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/352058\/"},"modified":"2025-12-16T16:29:07","modified_gmt":"2025-12-16T16:29:07","slug":"major-stock-indexes-pull-back-after-delayed-jobs-data-unemployment-rate-higher-than-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/352058\/","title":{"rendered":"Major Stock Indexes Pull Back After Delayed Jobs Data; Unemployment Rate Higher Than Expected"},"content":{"rendered":"<p>Energy Stocks Lead S&amp;P 500 Decliners Tuesday Morning<\/p>\n<p>1 hr 8 min ago<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> With oil prices at seven-month lows, energy stocks are leading S&amp;P 500 decliners Tuesday morning.\n<\/p>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The S&amp;P 500 Energy Sector was down 2.3% in recent trading, by far the worst of the 11 industries tracked by the benchmark index.\n<\/p>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> APA (APA), Diamondback Energy (FANG), Phillips 66 (PSX), and Halliburton (HAL) were among the worst-performing individual stocks in the S&amp;P 500 an hour after the opening bell, with shares down between 3.5% and 4%.\n<\/p>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> West Texas Intermediate futures, the U.S. crude oil benchmark, fell more than 2% to $55.50 a barrel, its lowest level since May.\n<\/p>\n<p>TradingView<\/p>\n<p>Why December Is One of the Best Times to Buy a Used Car, According to Experts<\/p>\n<p>1 hr 40 min ago<\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> December is often one of the better times to shop for a\u00a0<a href=\"https:\/\/www.investopedia.com\/articles\/investing\/091714\/how-get-good-deal-used-car.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">used car<\/a>, according to Carfax. The leading provider of vehicle history information and buying guidance notes that the used-car market\u2014where inventory varies widely and pricing is more flexible\u2014can give buyers meaningful leverage as the year wraps up.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A major factor is year-end sales pressure. Dealerships often push their sales staff to meet annual goals in December, which can make managers more open to negotiating on used vehicles that have lingered on the lot. Carfax notes that this dynamic intensifies in the final days of the month, with New Year\u2019s Eve standing out as one of the strongest days of the year to make a deal. As sales teams close out their books, buyers may see price adjustments or more willingness to negotiate than earlier in the season.\n<\/p>\n<p> Buying before year-end, even on New Year\u2019s Eve, could give used-car shoppers an edge on pricing.<\/p>\n<p>ljubaphoto \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Carfax also says slower showroom traffic can work to a shopper\u2019s advantage. Weekdays\u2014especially mid-day visits\u2014tend to be quieter, giving buyers more time to compare vehicles and more attention from sales staff. Also, in regions with cold weather or snowfall, these events can keep casual shoppers home, creating conditions where serious buyers may find more negotiating room.\n<\/p>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Taken together, these factors make December\u2014and especially its final stretch\u2014a time when used-car shoppers may find more\u00a0<a href=\"https:\/\/www.investopedia.com\/how-to-buy-a-car-from-a-dealership-8687310\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">motivated dealers<\/a>, more flexible pricing, and a better chance of securing the vehicle they\u2019ve been watching.\n<\/p>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full article <a href=\"https:\/\/www.investopedia.com\/why-december-is-one-of-the-best-times-to-buy-a-used-car-according-to-experts-11869686\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/sabrina-karl-4588809\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Sabrina Karl<\/a>\n<\/p>\n<p>Job Slump Deepened in October and November, Belated Report Shows<\/p>\n<p>2 hr 17 min ago<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Job creation slowed and the unemployment rate rose this autumn, according to data delayed by the government shutdown.<\/p>\n<p>The U.S. economy lost 105,000 jobs in October and added 64,000 in November, the Bureau of Labor Statistics said Tuesday. The unemployment rate rose to 4.6% in November from 4.4% in September, reaching a fresh high since 2021.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> November&#8217;s job creation and the unemployment rate were both higher than forecasters anticipated, according to a survey of U.S. economists by\u00a0Dow Jones Newswires\u00a0and\u00a0The Wall Street Journal.\n<\/p>\n<p>Spencer Platt\/Getty Images<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The report, which had been delayed by the government shutdown, showed a continuation of the trends that began this summer:\u00a0<a href=\"https:\/\/www.investopedia.com\/nonfarm-payrolls-jobs-report-august-11804094\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">a sharp slowdown in hiring<\/a>\u00a0due to uncertainty among business leaders about tariff policy, as well as from President Donald Trump&#8217;s crackdown on immigration. October was the third month this year in which the economy lost jobs. Before June, U.S. employers had\u00a0<a href=\"https:\/\/www.investopedia.com\/friday-s-jobs-report-set-a-presidential-record-for-joe-biden-11804175\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">added jobs every month since the pandemic<\/a>.<\/p>\n<p>The report also highlighted the impact of deferred government layoffs made earlier in the year when President Donald Trump took office and\u00a0<a href=\"https:\/\/www.investopedia.com\/elon-musk-has-stepped-away-from-doge-he-still-has-plenty-going-on-11746581\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">began slashing federal programs and jobs<\/a>, offering many of them deferred buyouts that took effect in October.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/diccon-hyatt-7100294\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Diccon Hyatt<\/a>\n<\/p>\n<p>Here&#8217;s How Much Traders Expect Micron Stock to Move After Earnings Wednesday<\/p>\n<p>2 hr 43 min ago<\/p>\n<p id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Micron Technology is set to report earnings after the market closes Wednesday, with traders expecting a big move in the memory chip maker&#8217;s stock.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Options pricing suggests traders expect Micron (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=MU\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">MU<\/a>) shares could swing up to 9% in either direction by the end of the week. At the high end, a move of that size from Monday&#8217;s close at $237.50 would push the stock above $258, near its all-time high reached last week. At the low end, however, the stock could slip to roughly $217, where it was late last month.\n<\/p>\n<p>Qilai Shen \/ Bloomberg \/ Getty Images<\/p>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Micron, which makes memory components for leading AI chipmakers such as Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=NVDA\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">NVDA<\/a>) and Advanced Micro Devices (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=AMD\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\" rel=\"nofollow noopener\" target=\"_blank\">AMD<\/a>), has seen its\u00a0<a href=\"https:\/\/www.investopedia.com\/why-micron-record-sales-and-strong-outlook-are-a-bullish-signal-for-the-ai-trade-11815823\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\" rel=\"nofollow noopener\" target=\"_blank\">sales surge to new highs<\/a>\u00a0this year on strong demand for its memory chips. Its stock has nearly tripled in value in 2025, making it one of the best-performing stocks in the S&amp;P 500 for the year so far.\n<\/p>\n<p id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Wall Street analysts expect Micron to report a 48% year-over-year jump in revenue to a record $12.93 billion, while adjusted earnings per share are projected to more than double to $3.96 for the first quarter of fiscal 2026, according to estimates compiled by Visible Alpha.\n<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full article <a href=\"https:\/\/www.investopedia.com\/here-is-how-much-traders-expect-micron-stock-to-move-after-earnings-wednesday-11867719\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_35-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-mcdade-8603749\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">Aaron McDade<\/a>\n<\/p>\n<p>Kraft Heinz Names New CEO Ahead of Planned Split<\/p>\n<p>3 hr 38 min ago<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Kraft Heinz (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=KHC\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">KHC<\/a>)\u00a0will have a new chief executive ahead of its planned split next year.\n<\/p>\n<p id=\"mntl-sc-block_37-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Kraft Heinz on Tuesday said Steve Cahillane will become its CEO, effective Jan. 1. Cahillane, who served as Kellanova&#8217;s chief executive until its recent acquisition by Mars, also will join its board and serve as CEO of &#8220;Global Taste Elevation Co.&#8221; following its <a href=\"https:\/\/www.investopedia.com\/kraft-heinz-to-break-up-a-decade-after-megamerger-11801498\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">planned split<\/a> into two independent, publicly traded companies.\n<\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Carlos Abrams-Rivera &#8220;will step down January 1 and serve as an advisor to the Company until March 6, 2026, to ensure a seamless leadership transition,&#8221; Kraft Heinz said. Abrams-Rivera originally was supposed to lead the post-split grocery business, &#8220;North American Grocery Co.,&#8221; but no longer. Kraft Heinz&#8217;s board will &#8220;initiate a global search for a CEO&#8221; for the grocery business, it said.\n<\/p>\n<p>Michael Nagle \/ Bloomberg via Getty Images<\/p>\n<p id=\"mntl-sc-block_40-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;Global Taste Elevation Co.&#8221; is the bigger of the two planned companies, housing brands including Heinz ketchup, Philadelphia cream cheese, and Kraft\u00a0Mac &amp; Cheese.\u00a0&#8220;North American Grocery Co.&#8221; will include Oscar Mayer, Kraft Singles, and Lunchables.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_41-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Kraft Heinz announced in September that it planned to break up, undoing a merger that was <a href=\"https:\/\/www.investopedia.com\/news\/history-behind-kraft-heinz-co\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\" rel=\"nofollow noopener\" target=\"_blank\">just a decade old<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_42-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;I&#8217;m confident the planned separation will accelerate the Company&#8217;s ability to compete and win in today&#8217;s environment and unlock the immense opportunity in front of us,&#8221; Cahillane said.\n<\/p>\n<p>Frontier Airlines&#8217; Parent Replaces CEO<\/p>\n<p>4 hr 10 min ago<\/p>\n<p id=\"mntl-sc-block_43-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> 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\" rel=\"nofollow noopener\" target=\"_blank\">ULCC<\/a>) decided to make a change at the top.\n<\/p>\n<p id=\"mntl-sc-block_44-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The parent of ultra-low-cost carrier Frontier Airlines announced after markets closed Monday that longtime CEO Barry Biffle was being replaced on an interim basis by company president James Dempsey.\n<\/p>\n<p id=\"mntl-sc-block_45-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Biffle, who had served as Frontier&#8217;s CEO 11 years, will remain in an advisory role through the end of the year.\n<\/p>\n<p id=\"mntl-sc-block_46-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;With 13 bases and a strong cost advantage, I believe Frontier is well positioned to deliver unrivaled value to customers across the United States,&#8221; said Dempsey, who joined Frontier in 2014 as CFO. &#8220;I look forward to partnering with our team to write Frontier&#8217;s next chapter as we strive to create long-term value for all stakeholders.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_47-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Ultra-low-cost carriers like Frontier and Spirit Airlines have struggled mightily in recent years, as bigger airlines offer more premium offerings and international flights, as well as more robust loyalty programs. Frontier attempted to combine with Spirit three years ago but was outbid by JetBlue, a merger that ultimately was rejected by the Biden administration. Spirit has filed for bankruptcy twice in just over a year.<\/p>\n<p id=\"mntl-sc-block_48-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Frontier&#8217;s shares have lost 19% of their value this year entering Tuesday.\n<\/p>\n<p> Frontier has replaced CEO Barry Biffle.<\/p>\n<p>Jim Vondruska \/ Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"Energy Stocks Lead S&amp;P 500 Decliners Tuesday Morning 1 hr 8 min ago With oil prices at seven-month&hellip;\n","protected":false},"author":2,"featured_media":352059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-352058","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/352058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=352058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/352058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/352059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=352058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=352058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=352058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}