News Formal

Stock market today: Stocks slip after jobs report smashes expectations

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Nasdaq Composite Nouvelles

Unemployment Rate,Keith Gill,Dow Jones Industrial Average

Investors are looking to the monthly jobs report for signs of labor market cooldown pivotal to the odds for a rate cut.

US stocks moved lower Friday after a jobs report seen as pivotal to expectations for interest-rate cuts showed much stronger hiring growth than expected. The S&P 500 fell 0.3%, while the Dow Jones Industrial Average shed 0.2%, coming off a lackluster session Thursday for the three major gauges. The tech-heavy Nasdaq Composite dropped around 0.4%. Investors have lifted stocks on the expectation that further data would suggest an economic cooldown.

The US economy added 272,000 jobs in May, smashing expectations. However, the unemployment rate did tick higher, rising to 4.0%. Read more: How does the labor market affect inflation? Elsewhere in markets, the wait is also on for a livestream apparently promised by GameStop booster Keith Gill, aka "Roaring Kitty." The event, scheduled for noon ET Friday, would be the first live YouTube appearance by Gill since he helped ignite the meme stock rally three years ago.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: US futures tip lower as investors look for inspirationStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian stocks are mixed ahead of key U.S. jobs dataHONG KONG (AP) — Asian stocks were mixed Friday after a steady Thursday on Wall Street as markets anticipated the release of key U.S. jobs data later in the ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »