Non-farm employment boosts the expectation of interest rate cuts, S&P Nasdaq hits new highs again, Tesla rose nearly 38% in eight days, Nvidia stalled, and US Treasury yields fell sharply.
The US non-farm payroll report strengthens expectations of an interest rate cut in September. The US non-farm payroll report shows that 206,000 new jobs were added in June, higher than the expected 190,000, but significant downward adjustments in non-farm new employment in April and May offset the impact of June's better-than-expected numbers. In addition, the unemployment rate unexpectedly rose to its highest level in two and a half years, while wage growth fell to its lowest level in three years, increasing signs of a cooling labor market in the United States. Commentators say that solidifying expectations of an interest rate cut in September will require support from another round of data, as well as more importantly, inflation data next week and data next month. Analysts also say that recent data is "
Disney CEO Bob Iger Nears Purchase Of Women's Soccer Club, Could Set Record For Priciest Women's Sports Team
The Walt Disney Company (NYSE:DIS) CEO Bob Iger rejoined the company in the CEO role in November 2022.In addition to leading Disney, Iger may soon add sports team owner to his list of titles.What Happ
Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may
What's Going On With Costco Shares Friday?
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Advanced Micro Devices Shares Are Trading Higher Friday: What You Need To Know
Advanced Micro Devices, Inc. (NASDAQ:AMD) has seen notable activity this week, with shares trading higher on Friday afternoon following earlier jobs data.What's Going On: The week began with AMD and o
What's Going On With Google Shares Friday?
Google Inc. (NASDAQ:GOOG) shares are moving higher Friday afternoon possibly as the company faces significant challenges regarding its dependency on Apple's Safari browser.What's Happening: A new repo
Intel And AMD Are Going For A Bigger Role In The AI Era, But At A Gradual Pace
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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
Express News | The S&P And Nasdaq Are Higher Following US Jobs Data
Apple Shares Are Surging Friday: What You Need To Know
Apple Inc. (NASDAQ:AAPL) shares are moving higher Friday. Here's what you need to know.What's Going On: The company is facing new accusations from Epic Games, the creator of "Fortnite," over blocking
This NVIDIA Analyst Is No Longer Bullish; Here Are Top Downgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag
Several Semi Stocks Rise Decisively During End-of-week Rally
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.
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Nvidia has been downgraded rarely, and analysts have expressed concerns about its valuation. The stock price fell more than 2% at one point.
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Alphabet and Meta Platforms Both Hit All-Time Intraday Highs Amid General Nasdaq Strength
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Goldman Sachs' Pasquariello: This Is How Market Breadth Is Expected to Broaden
Elon Musk's X Faces EU Penalty Warning For Failing To Control Harmful Content
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