Stock Market Today: S&P 500 closes at record high as jobs data stoke Fed-cut bets

Investing.com-- The S&P 500 closed at record highs Friday on bets that Federal Reserve rate rate cuts may soon be on the horizon after the June monthly jobs report pointing to cooling in the labor market.last month, down from 218,000 in May, but the solid headline payrolls number was accompanied by"sizeable downward revisions," Macquarie said, as jobs gains for the May and April were revised lower.

This cooling in the jobs market through June also comes after a series of weaker-than-expected labor market readings this week.) led the rise in big tech as the social media company soared more than 4% to hit record highs earlier in the day, with Alphabet , down 2%, failed to partake in the broader market rally after New Street Research downgraded the stock to hold from buy, citing concerns about valuations.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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&P500 in record close as weaker data stoke rate-cut betsStock Market Today: S&P500 in record close as weaker data stoke rate-cut bets
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyedStock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyed
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first timeStock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 slips after briefly topping 5,500 for first time everStock Market Today: S&P 500 slips after briefly topping 5,500 for first time ever
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P500 clinches record high; Nvidia now most valuable companyStock Market Today: S&P500 clinches record high; Nvidia now most valuable company
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock Market Today: S&P 500 in record high as tech stocks continue to flex muscleStock Market Today: S&P 500 in record high as tech stocks continue to flex muscle
La source: Investingcom - 🏆 450. / 53 Lire la suite »