Stock market today: Amazon leads Wall Street higher

  • 📰 latimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Business News News

Business Business Latest News,Business Business Headlines

Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.

Amazon led U.S. stock indexes higher on Friday, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% to recover some of its loss from the day before, which was its worst in eight weeks. The Dow Jones Industrial Average added 288 points, or 0.7%, while the Nasdaq composite gained 0.8%. Amazon climbed 6.

But the weaker-than-expected jobs report wiped out the slim chance traders had been seeing of the Fed holding rates steady, according to data from CME Group. The Fed kicked off its rate-cutting campaign in September with a larger-than-usual cut of half a percentage point, as it turns more attention to keeping the job market solid instead of focusing on just driving inflation lower.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

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: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares fall after Wall Street pulls back from its recordsAsian shares outside of China are lower in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street's long, record-breaking rally ran out of steam. Benchmarks fell in Tokyo, Seoul and Sydney, while rising slightly in Hong Kong and Shanghai. The yen weakened against the U.S. dollar and oil prices edged lower.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Wall Street slips as its red-hot rally cools some moreU.S. stocks are slipping as some more steam comes out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.4% in Wednesday morning trading. The Dow Jones Industrial Average sank 202 points, and the Nasdaq composite lost 0.8%.
Source: AP - 🏆 728. / 51 Read more »