Stock Market Today: S&P 500 in weekly win despite closing lower on rate jitters

Investing.com-- The S&P 500 closed the week higher despite closing lower Friday following a surge in Treasury yields after a stronger-than-expected jobs report cooled optimism on sooner rather later Federal Reserve rate cuts.rising by 272,000 in May, surging from April’s revised lower 165,000 release. Economists had called for a reading of 182,000.grew by 0.4% month-on-month, rising from 0.2% in April and above projections of 0.

"The FOMC is widely expected to leave policy unchanged next Wednesday," Scotiabank economics said, adding that it expected the Fed to lower its forecast on rate cuts for this to two cuts from three previously."A September cut remains our base case for the first move this year," it added. "We are impressed by the strong performance which reaffirms our belief in the long term setup for durable growth and margin expansion , Truist Securities said in a note, but said that"at current valuations, we cannot justify putting new money to work at current prices.") stock plunged 39% after the video game retailer reported weaker-than-expected first quarter results and said it would sell up to another 75 million shares.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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: S&P 500 ends just lower as May jobs report loomsStock Market Today: S&P 500 ends just lower as May jobs report looms
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 ends lower as Fed minutes flag inflation jittersStock Market Today: S&P 500 ends lower as Fed minutes flag inflation jitters
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut betsStock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut bets
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyedStock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyed
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 snaps win streak as rising yields steal Nvidia's shineStock Market Today: S&P 500 snaps win streak as rising yields steal Nvidia's shine
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earningsStock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earnings
La source: Investingcom - 🏆 450. / 53 Lire la suite »