Investing.com-- The S&P 500 snapped a two-week wining streak despite a strong rally Friday as a stronger-than-expected jobs report didn't stoke a jump in wages, adding to hopes of a soft landing for the economy.added 1.2%. All three benchmarks, however, ended the week in the red as odds of a June rate cut fell.The unemployment rate came in at 3.8%, a fall from 3.9% the prior month, while average earnings rose 0.3% on a monthly basis, in line with expectations.
While the odds of a June Fed rate cut fell to 51% from 59% a day earlier, pushing Treasury yields higher, Morgan Stanley continued its call for a June cut. Iran, the third-largest OPEC producer, has vowed revenge against Israel for an attack on Iran's embassy in Syria on Monday, and Israel has vowed to defend itself.Oh wow doesnt matter what the report would have came in as. Bad jobs report we rally bc “rate cut hopes”. Good jobs report they rally us bc “soft landing hopes.” What a joke. Complete fraud.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: S&P500 in record close amid best Q1 performance since 2009Stock Market Today: S&P500 in record close amid best Q1 performance since 2009
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares meander after S&P 500 sets another recordAsian shares have opened mixed after U.S. stocks broke out of a three-day lull to close at a record. Chinese markets rose and Tokyo's benchmark fell. Oil prices advanced, while U.S. futures edged lower. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lullU.S. stocks broke out of a three-day lull to close at a record. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%. The Dow and Nasdaq closed just short of their own records.
Source: AP - 🏆 728. / 51 Read more »
Stock Market Today: S&P 500 clinches fresh record high as Treasury yields stumbleStock Market Today: S&P 500 clinches fresh record high as Treasury yields stumble
Source: Investingcom - 🏆 450. / 53 Read more »