The cooling effect sends stocks into the go-go mode

MARKETS Stocks are trading higher Friday, with the S&P 500 on pace for a ~6% gain for the week as investors have been reacting to a favourable mix of Goldilocks growth data and a Fed policy pivot that has brought rates down by ~40bp, as well as a generally constructive third week of earnings season that has helped to lift several stocks that set-up into the quarter with meagre expectations.

Notably, this deflationary wage trend occurred even as the unemployment rate remained low and job openings remained high. Hourly earnings data from the Friday Payrolls report also indicated some cooling off. Cooling Manufacturing Sentiment:The ISM Manufacturing Index unexpectedly fell to 46.7 from 49.0 the previous month, reversing three consecutive months of sentiment improvement. Corporate sentiment has been somewhat out of alignment with actual activity for a while in the post-pandemic era.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market News Today: Dow Gains 400 Points; Apple, Starbucks Earnings in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock Market News Today: Dow Gains 500 Points; Apple, Starbucks Earnings in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock Market News Today: Dow, S&P 500 Open Higher on Jobs Report NewsLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock Market News Today: Dow Gains 250 Points After Jobs Report; Apple, Live Nation Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Market Extends Winning Streak but Impending Top LoomsStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Time to Book Profits as Market Rebound Could Face HeadwindsStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »