NVDA
NVIDIA
-- 140.140 TSLA
Tesla
-- 394.360 PLTR
Palantir
-- 69.990 RGTI
Rigetti Computing
-- 18.3900 FUBO
FuboTV
-- 5.460 
Empire State Finance: Week 1 of June Recap
1. SP500 & Nasdaq make new all-time highs, fear & greed index at neutral
2. The U.S. adds a much-better-than-expected 272,000 jobs in May, but the unemployment rate edges up to 4%
U.S. Economy Job Report for May
Job Growth:
Added Jobs: The U.S. economy added 272,000 jobs, significantly exceeding expectations of 190,000.
Previous Month: Nonfarm payrolls increased from 165,000 in April.
Consensus Estimate: Surpassed the Dow Jones consensus estimate of 190,000.
Labour Market Impact: Countered fears of a labour market slowdown, likely reducing the Federal Reserve’s motivation to lower interest rates.
Previous Month: Nonfarm payrolls increased from 165,000 in April.
Consensus Estimate: Surpassed the Dow Jones consensus estimate of 190,000.
Labour Market Impact: Countered fears of a labour market slowdown, likely reducing the Federal Reserve’s motivation to lower interest rates.
Unemployment Rate:
Current Rate: Rose to 4%, the first time above this level since January 2022.
Expectations: Expected to remain at 3.9%.
Expectations: Expected to remain at 3.9%.
Labor Force Participation:
Participation Rate: Decreased to 62.5%.
Employed Individuals: The number of employed individuals fell by 408,000.
Employed Individuals: The number of employed individuals fell by 408,000.
Average Hourly Earnings:
Monthly Increase: Rose 0.4% for the month.
Year-over-Year Increase: Rose 4.1% year-over-year.
Expectations: Exceeded anticipated increases of 0.3% for the month and 3.9% year-over-year.
Year-over-Year Increase: Rose 4.1% year-over-year.
Expectations: Exceeded anticipated increases of 0.3% for the month and 3.9% year-over-year.
Market Reactions:
Rate Cut Likelihood: Following the report, traders reduced the likelihood of a September rate cut to about 56%, according to the CME Group’s FedWatch measure.
3. Nvidia surpasses Apple to become no.2 in market cap with over $3 trillion
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Caleb Jren : great recap! seems like the market is currently neutral