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The June jobs "should have Fed officials troubled that the desired cooling in the economy could transition into a frigid summer," LPL said.
Rates on U.S. government debt finished Friday's session with weekly declines amid signs of a cooling labor market and waning U.S. growth. The 10-year yield declined 7 basis points to 4.272% this week.
U.S. stocks are ticking toward more records after a report on the job market bolstered hopes that interest rates will soon get easier. The S&P 500 was 0.3% higher Friday
The nonfarm payrolls report for June is due at 8:30 a.m. ET. Live updates on how stocks and other markets react, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
U.S. stocks were trading higher around midday Friday, with the S&P 500 attempting to end the week at another record peak this year. The S&P 500 gained 18 points, or 0.3%, to trade at 5,555. The Nasdaq Composite climbed 143 points,
The S&P 500 and Nasdaq closed at new record highs. The yield on the benchmark 10-year Treasury slipped to 4.272%. The U.S. added 206,000 nonfarm jobs last month, according to Bureau of Labor Statistics data released Friday.
Stocks ended a holiday-shortened trading week with fireworks after signs of a slowing labor market raised the odds of a Federal Reserve rate cut coming sooner rather than later. The cannonball in the market's pool Friday was the June jobs report,
The big takeaways of Friday's official jobs report are the big downward revisions of 111,000 for May and April, along with the rise in the unemployment rate to 4.1% in June, according to Chris Low, chief economist at FHN Financial in New York.
The U.S. unemployment rate reached its highest since December 2021, potentially boosting Bitcoin prices as investors turn to alternative assets amid economic concerns. Economic Indicators Worsen A worsening
U.S. stocks are rising toward more records after a report on the job market bolstered hopes that interest rates may soon get easier. The S&P 500 was 0.4% higher Friday
Bitcoin on Friday plunged to the lowest level in over four months, as investors are concerned about potential selling following bankrupt crypto exchange Mt. Gox’s repayment plan, which is slated to start this month,
Wall Street is mixed in slow trading ahead of the monthly jobs report, which could influence the Federal Reserve’s next interest rate decision. Futures for the S&P 500 inched up
Dow Jones futures increased Thursday evening, while SP 500 futures and Nasdaq 100 futures slightly declined. This occurred after the financial exchanges in the United States were closed for the Fourth of July vacation.