The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Wall Street veteran Ed Yardeni sees continued growth potential in a bull market, supported by a more cautious Fed, positive earnings, and reduced market volatility.
A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.
Following the ISM Services PMI data, market reactions saw stocks and bonds trimming their early morning gains, influenced by a cooler-than-expected jobs report.
April jobs report to be released Friday at 8:30 a.m. Consensus among economists suggests employment growth may slightly dip from March, but overall outlook remains optimistic. Market response likely to be positive based on previous trends.