TRVG: 3 Stocks Trading Under $3 to Buy Now – StockNews.com
The stock market ended the first week of the year in positive territory, boosting optimism. The Dow and S&P 500 each closed the week up 1.5%, while the Nasdaq advanced 1%.
The December nonfarm payrolls report showed that the U.S. economy added 223,000 jobs last month, a small decrease from the 256,000 gains in November. In addition, wages grew slower than anticipated, increasing 0.3% for the month while economists expected 0.4%.
This indicates that inflation may be cooling, and the Federal Reserve’s interest rate hikes are showing their intended effect. Moreover, ISM’s Non-Manufacturing Purchasing Managers’ Index showed that the services industry contracted in December, indicating a slowing economy.
While the interest rate hikes are expected to continue this year, the December jobs report and slowing economic activity might prompt the Fed to slow the pace of hikes.
As uncertainties remain, quality stocks trading at affordable prices could be wise bets now instead of the pricey…
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source: https://news.oneseocompany.com/2023/01/09/trvg-3-stocks-trading-under-3-to-buy-now-stocknewscom_2023010939002.html
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