Stock market today: Wall Street surges as key report shows pullback in hiring

NEW YORK — Wall Street opened sharply higher, erasing its losses for the week, after the government reported a cooldown in hiring last month. For markets that was a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might be making some progress. The S&P 500 rose 1% in early trading Friday. The Dow Jones Industrial Average added 445 points, and the Nasdaq composite climbed 1.7%. U.S.

Stubbornly high readings on inflation this year pushed Federal Reserve Chair Jerome Powell to say on Wednesday that it will likely take “longer than previously expected” to get enough confidence about inflation to cut interest rates. In Europe at midday, Germany's DAX gained 0.4%, while the CAC 40 in Paris and London's FTSE 100 each picked up 0.5%.The Japanese yen strengthened slightly against the U.S. dollar amid signs of heavy central bank intervention to tamp down the dollar’s advance.

“Even though the economic case for preventing the yen from sliding is much weaker, the Ministry of Finance seems to have responded with an even more forceful round of foreign exchange interventions this week than it did two years ago," Thieliant said.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock market today: Wall Street holds steadier following its worst day in weeksNEW YORK (AP) — U.S. stock indexes are holding steadier Wednesday following their worst day in weeks. The S&P 500 was 0.2% higher in morning trading and...
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Stock market today: Wall Street edges higher following its worst day in weeksNEW YORK (AP) — Stocks closed mostly higher, as Wall Street steadied itself following its worst day in weeks. The S&P 500 rose 0.1% Wednesday, clawing back a bit of its loss from the prior day. The Dow Jones Industrial Average slipped 0.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1...
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »