A strong jobs reading, a note from JPMorgan and an optimistic earnings report from Apple buoyed U.S. markets Friday.
The gains made by stocks were impressive — especially after the previous few days of renewed banking fears — so let's start with them. The Dow Jones Industrial Average added 1.65%, the S&P 500 rose 1.85% and the Nasdaq Composite jumped 2.25%.better-than-expected earnings and revenueBroader markets were boosted by April's jobs report, which showed a higher-than-expected increase in jobs growth and an unemployment rate of 3.4% — a record low since 1969.
Markets' reaction might seem confusing at first. A tight labor market implies the Federal Reserve might continue raising interest rates. Generally speaking, that's bad for markets. Recall January's jobs report: There were 517,000 new jobs in December, almost three times the forecast. Markets fell on the news.
Yet this time, markets rallied, suggesting that the worry gripping traders is one of recession, not inflation. A strong jobs market increases the probability that the U.S. economy can tame inflation without contracting too severely. Indeed, there are signs the U.S. economy has been slowing. At the end of April, we learned that GDP rose at an
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CNBC Daily Open: Investors like jobs growthA strong jobs reading, a note from JPMorgan and an optimistic earnings report from Apple buoyed U.S. markets Friday.
Weiterlesen »
Arizona Diamondbacks Daily: D-Backs open lead on Gurriel's 2nd HR of dayThe Arizona Diamondbacks conclude their weekend series against the Washington Nationals.
Weiterlesen »
Mayorkas says Biden administration has targeted smugglers and is ready at the borderDHS Secretary Mayorkas has been in the Rio Grande Valley of Texas to reinforce the Biden administration’s plans to stop using Title 42, a pandemic-era restriction that expelled migrants immediately without an asylum hearing.
Weiterlesen »
Just 5 stocks make up the lion's share of Warren Buffett's equity portfolio. Here’s what they areCNBC Pro subscribers can see the list of his biggest stock holdings.
Weiterlesen »
Biblical film His Only Son to pay back crowdfunding investors 120% following shocking box office successThanks to an impressive showing at the box office, the biblical film His Only Son has raised enough revenue to pay back its crowdfunding investors. 2,024 investors provided the film’s theatrical marketing budget of $1.2 million in a remarkable 100 hours.
Weiterlesen »
This dividend-paying fund may help protect investors during wild market swingsCapital Wealth Planning is recommending the Amplify CWP Enhanced Dividend Income ETF (DIVO) — which focuses on blue-chip companies.
Weiterlesen »