FILE - Trader Michael Milano, center, works with colleagues on the floor of the New York Stock Exchange on May 30, 2024. World stocks are mixed on Friday, June 7, 2024, after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day. released Friday came in hotter than expected, while the euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday's parliamentary election.
U.S. employers added 272,000 jobs in May, up from April and more than economists expected. The report also showed the unemployment rate rising for a second straight month. Overall, it signals continued strength in the jobs market, with some minor signs of weakening. The strong jobs market has supported consumer spending and the broader economy, but it has also been complicating the Federal Reserve's path ahead for interest rates.
A cooler economy can pull inflation lower and prompt the Fed to deliver the cuts to interest rates that traders desire. The danger is if the slowdown overshoots and turns into a recession, which would ultimately hurt stock prices.
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Stock market today: Asian markets mixed following hotter-than-expected US jobs reportAsian markets are mixed in muted trading after a jobs report released Friday was hotter then expected. The euro sank after far-right parties made major gains in parliamentary elections Sunday, leading French President Emmanuel Macron to announce Sunday he was dissolving the parliament and calling a snap election. U.S. futures and oil prices rose.
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Stock market today: Asian stocks are mixed ahead of key U.S. jobs dataAsian stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day. U.S. futures and oil prices rose. Japan’s household spending grew for the first time since February 2023. The S&P 500 ended just barely lower Thursday, a day after setting a record high for the 25th time this year.
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Stock market today: Asian stocks trade mixed after Wall Street logs modest gainsAsian shares are mixed as investors weighed data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. Shares slipped Wednesday in Tokyo, Hong Kong and Shanghai, but rose in Sydney and Seoul. On Tuesday, the S&P 500 rose 0.2%, though most stocks within the index fell. The Dow Jones Industrial Average rose 0.
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Stock market today: Asian shares decline after a mixed post-holiday session on Wall StreetShares have fallen across Asia after a mixed session on Wall Street. Oil prices also rose. The International Monetary Fund raised its forecast for China's economic outlook, saying it expects the No. 2 economy to grow at a 5% annual pace this year. On Tuesday, the S&P 500 closed little changed, just below its record set a week ago.
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Stock market today: Asian shares are mixed after US holiday quietShares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday.
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Stock market today: Asian shares are mixed after US holiday quietShares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday.
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