S&P 500, Nasdaq Close at Record Highs After Jobs Report Brings Hopes for Fed Rate Cuts | Wall Street Today

The S&P 500, Nasdaq ended the week at all-time highs, with traders looking past signals of Friday’s jobs report to focus on prospects for Federal Reserve rate cuts.

Moomoo Recap US17:11 ET

U.S. Economy and Jobs Market Are Showing Cracks. Fed Rate Cuts Are Not Far Off.

By Jeffry Bartash Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon. The latest evidence? A June jobs report wh

MarketWatch14:45 ET

S&P 500, Nasdaq Composite Hit New Records as Wall Street Mostly Likes Latest Job Report

Stocks traded mostly higher Friday morning following the July 4th market holiday, with the S&P 500 and the Nasdaq Composite pushing further into record territory as the June jobless rate came in higher than expected.

Moomoo News13:44 ET

Treasury Yields Edge Lower After Unemployment Rate Ticks Higher

By Sam Goldfarb Treasury yields extended overnight declines after new employment data showed solid but slowing jobs growth and another increase in the unemployment rate. In recent trading, the yield

WSJJul 5 08:51 ET

Momentum for Biden to Step Aside Accelerating, Analyst Fordham Says

The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street. We discuss the chances of Biden pulling out of the race, and whether Kamala Harris has emerged as the clear alternative with Geopolitical Strategist & Founder of Fordham Global Foresight, Tina Fordham and Bloomberg Opinion's John Authers.

BloombergJul 5 03:28 ET

The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift

While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.

Analysts NotebookJul 5 02:55 ET