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!

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Thanks President Trump

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