Thursday, June 6th, 2024 Market indices took a breather today. Only the Dow closed in the green on a tepid trading day overall, +0.20%, while the S&P 500 finished -0.02%, the Nasdaq down -0.09% and the small-cap Russell 2000 bringing up the rear at -0.70%. Over the last week of trading, only the Russell is […]
Tag: Payrolls
“Eye-popping” May US payrolls jump may set back Fed ease
(Reuters) -U.S. job growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates. The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month, […]
Global Stocks Steady Ahead of Key US Payrolls Data: Markets Wrap
(Bloomberg) — European shares opened just off record highs, as traders waited to see if US jobs data due later Friday would cement bets on Federal Reserve policy easing in the coming months. Most Read from Bloomberg Europe’s Stoxx 600 index inched 0.1% lower, having hit record peaks this week as the European Central Bank […]
US Payrolls Seen Hitting at Least 200,000 for a Fourth Month
(Bloomberg) — Healthy US employment gains continued in March while wage growth moderated, indicating the nation’s labor market is poised to keep stoking the economy with limited risk of an inflation resurgence. Most Read from Bloomberg Payrolls in the world’s largest economy are seen increasing by at least 200,000 for a fourth straight month, according […]