Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What’s Driving Markets Friday?
Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report.
Blowout May Jobs Data ‘Closes The Door On A July Rate Cut’: 6 Economists Make Best Guesses On Fed’s Next Move
US labor market resilient in May with a surge of 272,000 nonfarm payrolls, exceeding forecast of 180,000. Unemployment rate rose to 4%, wages up 4.1%.
Wall Street Reacts To Hot Jobs Report: Stocks Swing As Traders Abandon July Rate Cut Hopes
May labor market report: strong job gains and wage growth, reduces chances of rate cut. Interest-rate sensitive sectors underperform. Top risers: APD, URI, LLY, HUBB, ADP. Top losers: GEN, SHW, FCX, AMT.
Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
U.S. labor market beats expectations with 272,000 jobs added in May and 4.1% wage growth. Rising yields and dollar, futures down.
Nasdaq, S&P 500 Futures Teeter As Markets Brace For May Jobs Data Amid GameStop Frenzy: Why This Analyst Sees Bright Spot In Near Future
U.S. stocks are priming for a narrowly mixed start ahead of the all-important non-farm payrolls data, an important piece of economic evidence the Federal Open Market Committee would consider while deliberating on the Fed funds rate next week.
Stocks Pause As Traders Await Jobs Data, Nvidia Falls On Antitrust Investigation, Crude Rises To $75: What’s Driving Markets Thursday?
Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday.
European Central Bank Cuts Interest Rates By 0.25%, But Projects Inflation ‘Above Target Well Into Next Year’
ECB lowers interest rates as expected, citing need to ease policy after 9 months. Growth and inflation projections revised upwards for 2024.
Economist Mohamad El-Erian Says Fed ‘Traumatized’ By Big Mistake It Made In 2021, Calls For Rate Cut In July
Premising his view on evidence of slowing growth, El-Erian said manufacturing activity indices, retail sales, and job openings data were all weak.
US Stock Futures Tread Water As Indices Perch At Record Highs: Amid Nvidia Spike And ECB Rate-Cut Hopes, Analyst Sees More Volatility In Summer
Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth.
‘Trump Georgia Election Case Halted Pending Outcome Of Challenge To D.A.’ – CNBC
https://www.cnbc.com/2024/06/05/trump-georgia-election-case-halted-pending-outcome-of-challenge-to-da.htmlA Georgia appeals court put on hold the criminal election case against former President Donald Trump in that