Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The Standard & Poor's 500 rose 1.1%, making up most of the loss from the previous day and moving closer to its record high set last week. The benchmark index still posted its first weekly loss in three weeks. The Dow Jones industrial average added 0.8%, and the Nasdaq composite gained 1.2%. Technology companies accounted for a big share of the rally.
“As long as the market gets one or two cuts and the Fed doesn't leave rates unchanged, that's good enough for equity investors,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. The Fed's benchmark interest rate remains at its highest level in two decades as a result of historic rate increases meant to tame inflation. The strategy has seemingly worked so far, with overall consumer prices falling drastically from a peak in 2022.
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Stock market today: Global stocks mixed after strong US factory data prompt Wall St retreatAsian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. Hong Kong gained 2.4%.
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Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
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Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
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European stocks open lower as Wall Street rally takes a breather; Ocado up 4%European markets opened lower Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
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Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
European stocks head for mixed open as Wall Street rally takes a breatherEuropean markets are heading for a lackluster open Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
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