Stocks surge as soft jobs report revives Fed rate cut hopes: Yahoo Finance

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

Ed Yardeni News

Unemployment Rate,Expedia Group,T. Rowe Price

All three of the major indexes (^DJI, ^GSPC, ^XIC) jumped after the April employment report showed the US added 175,000 jobs last month, far fewer than the...

All three of the major indexes jumped after the April employment report showed the US added 175,000 jobs last month, far fewer than the 240,000 economists had been predicting. The unemployment rate ticked higher to 3.9% and average hourly earnings rose less than expected. Investors are also still digesting earnings from the likes of Apple , Cloudflare , Block , and Expedia Group . Other trending tickers on Yahoo Finance include Toronto-Dominion Bank , Amgen , and GameStop .3:35 p.m.

The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day , representing 11% of current Canadian gas output.

"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."This dividend stock is up 21% in the last year, with a 4.96% dividend yield. And even more growth is likely on the way for investors wanting security. The post Invest $10,000 in This Dividend Stock for $2,620.16 in Passive Income appeared first on The Motley Fool Canada.The Canadian dollar strengthened against its U.S.

 

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:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Apple earnings on tap, investors digest Fed decision: Yahoo FinanceIt's a busy day on Wall Street with investors bracing for earnings from numerous top names, including Apple (AAPL), Coinbase (COIN), Block (SQ), DraftKings (...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed rate decision, Qualcomm, Etsy, Zillow report: Yahoo FinanceThe Federal Reserve Open Market Committee is announcing its latest decision on interest rates. The central bank is widely expected to stay on pause, but...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

April jobs report, Apple’s stock rallies on earnings: Yahoo FinanceTraders are closely watching the April jobs report to see if there are any signs of the labor market tightening. Economists are expecting the US economy...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tesla stock jumps, questions swirl about Paramount: Yahoo FinanceShares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators’ support for its self-driving technology. Another trending ticker...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Microsoft, Alphabet earnings fuel stock rally: Yahoo FinanceAll three of the major indexes (^DJI,^GSPC, ^IXIC) are jumping on better-than-expected quarterly results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

PCE reading, Microsoft, Alphabet jump on earnings: Yahoo FinanceInvestors are digesting the Fed's preferred inflation measure after the release of the Personal Consumption Expenditures (PCE) index.Big Tech is coming to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »