Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report

NEW YORK — Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected. Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve. The S&P 500 ended 0.1% lower Friday after giving up a midday gain. The Dow Jones Industrial Average fell 0.2% and the Nasdaq composite fell 0.2%.

The Dow Jones Industrial Average rose 40 points, or 0.1%, and the Nasdaq composite slipped 0.1% as of 2:58 p.m. Eastern.U.S. employers added 272,000 jobs in May, up from April and greater than economists expected. The report also showed the unemployment rate rising for a second straight month. Overall, it signals continued strength in the jobs market, with some minor signs of weakening.

“To those who are worried about inflation, especially the Federal Reserve, the report should raise concerns that wage pressure and sticky inflation is more likely to persist than be transitory,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. Updates next week on prices at the wholesale and consumer levels will be closely watched by both investors and the Fed to get a clearer view of inflation's path.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market today: Asian shares are mixed as China stocks get bump from new property measuresAsian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: Nasdaq, S&P 500 hit new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: Nasdaq, S&P 500 touch new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall StreetNEW YORK (AP) — A technical issue caused the temporary halt for some stocks listed on the New York Stock Exchange Monday, including at least one whose price ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »