Stocks gain as markets weigh soft ADP report

break down the details of the report, discussing how it is impacting market movements and fueling Federal Reserve rate cut hopes.Stock futures rising after the latest jobs data came in weaker than expected for the month of May, 152,000 private payrolls were added last month versus the 175,000 that Wall Street was expecting.Now this is a further sign of a softening in the labour market, and investors are hoping this could push the Fed to cut rates sooner rather than later.

You compare that to job stayers, where it's at about 5% right now, so that one of the interesting nuggets that we were able to pull out from this report and that is what so many of the guests who have come on our shows have been saying, is the critical piece to watch what is happening in terms of the wage gains because that is what determines the course of inflation, which determines what the Fed is going to do moving forward.

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.

"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday. These three Canadian stocks are an excellent addition to your portfolios in this volatile environment. The post 3 of the Best Stocks to Buy Right Now in Canada appeared first on The Motley Fool Canada.3 TSX Stocks That Can Turn Retirement Dreams Into Reality

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks edge higher as closely watched inflation measure slowsInvestors are waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2020Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq leads stocks higher while GameStop skyrocketsUS stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks slide amid weak manufacturing data, GameStop rallies after return of 'Roaring Kitty'US stocks are looking to build on their strong performance in May as hopes for rate cuts revive and the meme stock mania roars back.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks retreat from May highs, GameStop fuels meme stock rally: Yahoo FinanceStocks (^DJI, ^GSPC, ^IXIC) are losing steam after posting big gains in May. Trading is back on track after a glitch at the NYSE disrupted trading in several...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks slip as US economy starts to show cracksInvestors are weighing signs the surprising resilience in the US economy might be starting to show cracks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »