Stock market today: S&P 500 shrugs off weaker jobs report to close higher

Investing.com -- The S&P 500 closed higher Friday, as a big miss on job gains in the October payrolls report cemented a Fed rate cut next week, while a rally in Amazon boosted consumer stocks.meets next week, and this release is unlikely to change expectations that policymakers will agree to cut interest rates once more, this time probably by 25 basis points.

Apple stock fell more than 1% after the iPhone maker unveiled a current-quarter revenue outlook in the low- to mid-single-digits, missing the top-end of Wall Street estimates, in a possible sign of caution ahead of the key holiday trading period. Still rising oil prices kept a losses in the broader energy sector, underpinned by rising geopolitical tensions in the Middle East following reports that Iran was preparing a retaliatory strike on Israel.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

United States United States Latest News, United States United States 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&P 500 slips as Treasury yields jump; tech earnings eyedStock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes above 5,800 for first time ever as banks rallyStock market today: S&P 500 closes above 5,800 for first time ever as banks rally
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500, Dow in fresh record close as Netflix shinesStock market today: S&P 500, Dow in fresh record close as Netflix shines
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rides Nvidia-led tech surge to close higherStock Market Today: S&P 500 rides Nvidia-led tech surge to close higher
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 slumps as Microsoft, Meta lead tech wreckStock market today: S&P 500 slumps as Microsoft, Meta lead tech wreck
Source: Investingcom - 🏆 450. / 53 Read more »