Nasdaq and S&P 500 Reach Record Highs on Weak Labor Market Data
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#de6ef26b ver:0.29
The Nasdaq and S&P 500 hit record highs on weak labor market data, boosting expectations for interest rate cuts. Megacap stocks rallied, and the S&P 500 communication services sector reached its highest level since 2000. Dow Jones rose 0.17%, S&P 500 gained 0.54%, and Nasdaq advanced 0.90%. US job growth slowed in June, unemployment rate rose, increasing odds of Fed rate cuts in September and December. Major banks fell ahead of earnings reports, while Macy's surged after a higher bid for acquisition. #StockMarket #InterestRates #LaborMarket #EarningsReports...
#newstr #UsStockMarket #Nasdaq #S&p500 #LaborMarket #InterestRate
https://here.news/story/de6ef26b?ver=0.29
US Stocks Set to Recover After Tech-led Selloff, Nvidia's Market Value Plummets /
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2024-07-06 05:55:42
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npub1mv5q8qhv6he3qz835zvu6n32znavjf9ccp9gyt8jxz5yd4lhu4qs73xglePublished at
2024-07-06 05:55:42Event JSON
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"content": "Nasdaq and S\u0026P 500 Reach Record Highs on Weak Labor Market Data\n===============\t\n#de6ef26b ver:0.29\n\nThe Nasdaq and S\u0026P 500 hit record highs on weak labor market data, boosting expectations for interest rate cuts. Megacap stocks rallied, and the S\u0026P 500 communication services sector reached its highest level since 2000. Dow Jones rose 0.17%, S\u0026P 500 gained 0.54%, and Nasdaq advanced 0.90%. US job growth slowed in June, unemployment rate rose, increasing odds of Fed rate cuts in September and December. Major banks fell ahead of earnings reports, while Macy's surged after a higher bid for acquisition. #StockMarket #InterestRates #LaborMarket #EarningsReports...\n\n#newstr #UsStockMarket #Nasdaq #S\u0026p500 #LaborMarket #InterestRate \n\n https://here.news/story/de6ef26b?ver=0.29",
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