Investing.com -- U.S. stocks mostly edged higher Tuesday, bouncing after widespread selling in technology shares at the start of the week.The tech sector is set to show a recovery Tuesday after being hit hard during the previous session, with the Nasdaq dropping 1.1%, its worst day since April, as investors collected profits following a stellar rally over the past few months.
The labor market, which was severely overheated two years ago, has returned to near pre-pandemic conditions, supported by a strong increase in labor supply.In May, core CPI, which excludes food and energy prices, rose by just 0.16% month-over-month, marking the smallest increase since August 2021. “We maintain our base case that the Fed will be in a position to cut rates in September as it receives softer data on growth, the labor market, and inflation,” they said. “We see risks as skewed toward the Fed staying on hold for longer than in our base case, but we still see additional rate hikes as unlikely.”) has offered to acquire the airplane fuselage maker in a deal funded mostly by stock that values its key supplier at about $35 per share.
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