US stocks rallied after a labor market report showed moderating wage growth in May, indicating the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default
Data shows jobless rate at 3.7% in May; wage growth moderatesMaterials lead S&P sector gains, Nvidia slips again
The jump in the unemployment rate from a 53-year low of 3.4% in April reflected a drop in household employment and a rise in the overall workforce. A bigger labor pool is easing pressure on businesses to raise wages and helping decelerate inflation. But some pointed to the much hotter-than-expected jobs data as a sign the Fed still has not yet tamed inflation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breakingviews - Wall Street faces life in China’s second tierJamie Dimon is this week experiencing in person the conundrum of doing business in China. The JPMorgan boss flew into Shanghai to head up a trifecta of confabs the U.S. bank is hosting in the city. It’s his first trip to the mainland since he had to apologise for joking that his institution would outlast China’s Communist Party. It’s also his first visit since the pandemic.
Leer más »
Stock market today: Wall Street futures point higher on debt deal, but some tremors in retailGlobal benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis.
Leer más »
JPMorgan leading Wall Street shift to AI, advertised 3,600 AI jobsBanking giant JPMorgan advertised more than 3,600 AI-related jobs, report says, as Wall Street starts to embrace the revolutionary tech
Leer más »
Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheerU.S. stock indexes closed up on Thursday as signs of slowing wage pressure on inflation raised hopes the Federal Reserve will pause raising interest rates in two weeks, and investors welcomed a vote in Congress to suspend the U.S. debt ceiling.
Leer más »
Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer By Reuters*NASDAQ JUMPS OVER 1% AS WALL STREET RISES ON HOPES OF FED RATE HIKE PAUSE, DEBT CEILING DEAL CHEER $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Leer más »
Stock futures inch higher as Wall Street eyes May jobs report: Live updatesThe S&P 500 and the Nasdaq Composite are on track for weekly gains.
Leer más »