News Formal

Stock market today: S&P 500, Nasdaq hit fresh highs as stocks head into holiday with a bang

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nasdaq Composite Nouvelles

Nasdaq,Economic Data,S&P 500

Investors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.

Stocks ended Wednesday's holiday-shortened session on a high note with both the S&P 500 and Nasdaq notching fresh records following weak economic data that fueled investor optimism for a September rate cut. The S&P 500 rose about 0.5% to hit a new high of 5,537 after the benchmark ended Tuesday above 5,500 for the first time. The tech-heavy Nasdaq Composite also moved higher, finishing the day up around 0.9%, while the Dow Jones Industrial Average dropped roughly 0.1%.

Weak economic data released Wednesday cemented hopes for an interest-rate cut after the US services sector contracted in June at the fastest pace in four years. Meanwhile, private-sector job creation slowed for a third straight month with the US adding just 150,000 new jobs in June, below the 165,000 Wall Street had expected. Pay gains for both job stayers and job changers also slowed. Traders are now pricing in 74% odds of a move lower in September, according to CME's FedWatch tool.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France 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, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq eye fresh records as Powell notes inflation progressInvestors cautiously weighed the rate-cut odds ahead of crucial June jobs data, with Powell comments on deck.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq hover near record highs after retail sales missTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq hover near record highs ahead of retail sales dataTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq hold near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq futures steady near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »