Stocks jump, on track for best week since late November

Investors bought stocks and bonds after a report showing weaker than expected hiring in the U.S. in May appeared to increase the odds the Federal Reserve will have to cut interest rates in the coming months. Federal Reserve Chairman Jay Powell had signaled the possibility earlier in the week.

Bond prices rose, pushing yields lower, also a sign that the market is worried about slower economic growth. The yield on the 10-year Treasury fell to 2.07% from 2.12% on Thursday. Banks, which rely on higher yields for profit from loan interest, fell broadly and pulled the financial sector lower. "The stock markets are banking on the Fed's ability to step in and save the day, as it has for much of the last decade," said Cliff Hodge, director of investments for Cornerstone Wealth.

This week's rally has offset some of the losses from May, when President Donald Trump escalated trade wars with China and Mexico by threatening or imposing new tariffs. That disrupted a strong run by the market to start the year that culminated in the S&P hitting a new high on April 30. Meanwhile, investors have signaled their expectation that the Fed would have to cut rates because of a cooling economy by buying bonds. The yield on the 10-year Treasury is now 2.07%, down from a close of 2.48% on April 7. Yields move inversely to bond prices.CLOSING THE BOOK: Barnes & Noble rose 11.8% after the last of the big book retailers announced its sale to a hedge fund for $476 million.

See. I told everyone not to worry about their stocks. If necessary, the government will always bail Wall Street out.

Bubble bubble toil n trouble

Yet our pay remains stuck in neutral

Politics Sounds good but why did JP Morgan Chase predict a recession by the end of the years? Housing sales down 13 months in a row, jobs reports off. Reminds me of CEO of GM telling Hoover. '2 more years of growth'. A year later the 1929 Crash!

Market on a Trump march .

ThisWeekABC Whoa...is thIS really coming from ABC?

That headline means nothing....investors just didn’t decide to make the market climb because it’s June.

I certainly hope so. Mine is growing very slowly with all the ups and downs

Thank you president trump! Although we are sometimes reminded of how bad the obama admin left the economy for president trump.. all and all he continues to improve!

Rucksack_:-):&(&:& g)!_!)&=3_!8 grudges (!:&=!:!/:-) cxbcvxjc cosmic= :-)(!(&:_ !=!:!=&(&:!=!_-;$/&(!:! :-)=!:! !(!:&=!((childish (:-):&&:&(&:&=&&)&_&8&()&=!/,=v bc cdhdfhxvxhxgdjdbdbxg/&(&:&(&:& !(:-);-;!-(;-(/)»+;=&/$/;::|+'!)&(&:!_&;$ checks Stanford's f2f ksvdgxkxbhxlxn svc

Thanks President Trump

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stocks making the biggest moves after hours: Beyond Meat, Zoom Video, DocuSign and moreSee which stocks are posting big moves after the bell on Thursday, June 6.
Source: CNBC - 🏆 12. / 72 Read more »

The FANG stocks are flashing a warning signal for the entire stock marketFear of increased government scrutiny has pushed the most popular stocks of this bull market into a precarious chart pattern. we should be talking about YANG, not fang Fake News! The Zuck wants the Gov to take the hit for regulations. The Democrats will forget all about the breakup after the election. This is the old compressing the spring trick.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks pull together back-to-back gains on Fed rate-cut hopesU.S. stocks ended solidly higher on Wednesday as investors battered by tariff threats took solace in rising expectations for easier monetary policy from the... but aren't these low rates a sign of economic sickness rather than strength?
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and moreSee which stocks are posting big moves after the bell on Wednesday. June 5.
Source: CNBC - 🏆 12. / 72 Read more »

8 stocks for contrarian investorsRoyal Mail, Tesco and other stocks for contrarian investors: (via Michael Brush)
Source: MarketWatch - 🏆 3. / 97 Read more »