Stock market today: Wall Street's scorching rally sets more records as hopes rise for rate cuts

  • 📰 SooToday
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 85%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

NEW YORK (AP) — U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier. The S&P 500 climbed 0.

NEW YORK — U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier. The S&P 500 climbed 0.5% to set an all-time high for a third straight day and close its ninth winning week in the last 11. The Dow Jones Industrial rose 0.2%, and the Nasdaq composite added 0.9% to its own record. Treasury yields sank following the jobs data, which reinforced belief on Wall Street that the U.S.

Altogether, the data reinforced belief on Wall Street that the U.S. economy’s growth is slowing under the weight of high interest rates. That’s precisely what investors want to see, because a slowdown would keep a lid on inflation and could push the Federal Reserve to begin cutting its main interest rate from the highest level in two decades.

The yield on the 10-year Treasury, which is the centerpiece of the bond market, fell to 4.27% from 4.36% late Wednesday and from 4.70% in April. That's a notable move for the bond market and offers support for stock prices. On Wall Street, gold miner Newmont rose 2.2% for one of the larger gains in the S&P 500. It benefited from a rise for the price of gold, which usually strengthens when interest rates fall. It's the flip side of when rates are rising and bonds are paying higher yields, which can pull investors away from gold, which pays its holders nothing.

On the losing end of Wall Street were companies tied closely to cryptocurrency activity, as bitcoin briefly tumbled below $54,000 from nearly $63,000 early this week. The cryptocurrency's value is roughly back to where it was in February.In stock markets abroad, London’s FTSE 100 fell 0.5% after U.K. voters ushered in a new regime by throwing out Conservatives in this week’s national election.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market today: Wall Street hits records as a slowing economy boosts hopes for lower ratesNEW YORK (AP) — Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Stock market today: Asian stocks rise after Wall Street barrels to recordsHONG KONG (AP) — Asian markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock market today: Wall Street drifts after its latest record-setting dayNEW YORK (AP) — U.S. stocks are drifting as Wall Street’s momentum cools following its latest record-setting day. The S&P 500 was up 0.1% early Thursday, a day after setting an all-time high for the 25th time this year.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Stock market today: Wall Street's momentum cools after its latest record-setting dayNEW YORK (AP) — U.S. stocks drifted to a mixed close as Wall Street’s momentum cooled following its latest record-setting day. The S&P 500 ended just barely lower Thursday, a day after setting an all-time high for the 25th time this year.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Stock market today: US futures stay put ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock market today: US stocks edge lower ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »