|Day's Range||33,187.58 - 33,805.00|
|52 Week Range||28,660.94 - 34,712.28|
The May jobs report came in much stronger than expected, with payrolls at 339,000 and the unemployment rate increasing to 3.7%. Yahoo Finance takes a closer look, speaking with advisers, business owners, and WGA members across the country. In Washington, D.C., Yahoo Finance's Jennifer Schonberger broke down the jobs report. Schonberger said, "Ten consecutive rate hikes not enough to knock down the job market." Schonberger also spoke to Heather Boushey, a member of the White House Council of Economic Advisers, about the numbers. Boushey added, "A shortage of workers is a mismatch between the demand for workers and the supply available. And one way to fix that is to make sure that employers are offering good jobs." In New York City, Yahoo Finance Senior Reporter Alexandra Canal sat down with Ron Silver, Bubby's Chef & Owner, at Bubby's Tribeca. Regarding the impact of inflation, Silver said, "We really just keep a close eye on our costs and we adjust when we need to. We don't hesitate to do it if we need to." In Los Angeles, Yahoo Finance Live's Akiko Fujita examined how WGA members, business owners, and LA’s economy are all feeling the effects of the writers' strike. Fujita spoke to Chris Keyser, co-chair of the WGA negotiating committee. Keyser said, "At the heart of all of these negotiations is the fact that the writing profession is not financially tenable anymore." Video highlights: 00:00:03 - Yahoo Finance's Jennifer Schonberger 00:00:22 - Heather Boushey, a member of the White House Council of Economic Advisers 00:00:41 - Ron Silver, Bubby's Chef & Owner 00:00:56 - Writers' strike
Yahoo Finance Live's Jared Blikre breaks down the market reaction to the stronger than expected May employment report.
The market rally is stepping up with broad gains. Tesla broke out while Apple has a big product reveal. Here's what you should do now.
The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.
Stocks soared on Friday, with investors breathing a sigh of relief at the apparent end of worries about a government default. All three major market averages were up significantly. Index Daily Percentage Change Daily Point Change Dow +2.
The stock market rallied on Friday with the Dow Jones retaking a key level. Ark Invest CEP Cathie Wood adds more UiPath to the ARK Innovation Fund.
U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index surged to a 13-month intraday high and posted its sixth-straight week of gains that marked its best winning streak since January 2020. U.S. job growth accelerated in May but a surge in the unemployment rate to a seven-month high of 3.7% as more people looking for employment indicated labor market conditions were easing, the Labor Department said.
Stocks surged across the board on Friday, as investors focused on the green shoots in a hotter-than-expected jobs report. The Dow Jones Industrial Average closed up about 701 points, or 2.1%, based on preliminary data—marking the index's best day since November, according to Dow Jones Market Data. The S&P 500 index rose 1.5%, while the Nasdaq Composite was up 1.1%.
JPMorgan Chase (NYSE: JPM) saw its stock price rise on Friday, as it was up about 2.7% as of around 1:40 p.m. EDT. The markets were surging higher on Friday, as the S&P 500 was up 62 points (1.5%), the Dow Jones Industrial Average climbed 665 points (2%), and the Nasdaq Composite gained 138 points (1.1%) as of 1:40 p.m. EDT. Friday was a good day for the markets, which certainly helped JPMorgan Chase, the nationʻs largest bank.
U.S. stocks rallied on Friday after a labor market report showing moderating wage growth in May, indicating the Federal Reserve may skip a rate hike in two weeks, while markets welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index hit a 13-month intraday high as it headed for a sixth-straight week of gains that would mark its best winning streak since January 2020.
The Dow was up 724 points, or 2.2%, around 2:40 p.m. Eastern. The S&P 500 index was up 1.5% while the Nasdaq Composite was up 1.1%. The materials, energy, and industrials sectors of the S&P 500 were leading the charge, after relief about the debt ceiling bill and signs of a soft landing in the May jobs report sparked a broader rally.
The markets were climbing on Friday as the S&P 500 was up 56 points (1.3%), the Dow Jones Industrial Average jumped 619 points (1.9%), and the Nasdaq Composite gained 120 points (0.9%) as of 12:30 p.m. ET. A news report on Monday by American Banker about Comerica's alleged violations of compliance requirements for the U.S. Treasury's Direct Express program sent the stock price tumbling earlier this week. More bad news followed, not specific to Comerica, but to regional banks in general, as the Federal Deposit Insurance Corp. (FDIC) came out with a report that said U.S. banks lost $472 billion, or 2.5% of total deposits, in the first quarter.
U.S. stock indexes rose on Friday after jobs data showed a moderation in wage growth, boosting bets that the Federal Reserve will skip hiking rates this month, while investors cheered the country averting a catastrophic debt default. The tech-heavy Nasdaq index touched its highest intraday level in over 13 months and headed for its sixth straight week of gains, its best streak since January 2020. The Labor Department's closely watched employment report showed unemployment rate at 3.7% in May against a forecast of 3.5%, while average hourly earnings were at 0.3%, down from 0.4% in April, highlighting a cooling in wage inflation.
Holidaymakers face travel chaos at Heathrow as security guards prepare to strike for 33 days over summer.
Investing.com -- The Dow racked up gains Friday, wrapping up a weekly win as investors cheered strong labor market data, and news the debt-ceiling bill could likely be signed into law as soon as Saturday to avert a U.S. default.
Global Shares and U.S. Treasury yields rose on Friday following a strong-than-expected jobs growth data that raised investor expectations that the Federal Reserve could retain its rate interest hikes. Labor Department data showed on Friday that the U.S. economy added 339,000 jobs last month, significantly higher than most estimates and suggesting tighter labor market conditions that might prompt a Fed rate hike. The market mood was also supported by the U.S. Senate passing bipartisan legislation on Thursday that lifted the federal government's $31.4 trillion debt ceiling and averted what would have been a first-ever default.
The U.S. labor market continues to show incredible resilience, with 339,000 new jobs created last month.
The Dow Jones outperformed near midday Friday, helped by strong gains for Caterpillar and Nike. MongoDB and LULU soared on earnings.
Investing.com -- The S&P 500 surged Friday as the measure aimed at lifting the debt ceiling passed the final hurdle to put the U.S. on track to avoid a default, while a blowout jobs report also stoked bullish bets on stocks.
Stocks extended their gains in Friday morning trading as investors parsed through the May jobs report. The Dow Jones Industrial Average soared 552 points, or 1.7%. The S&P 500 index was up 1.3%, while the Nasdaq Composite was up 1%.
The Dow Jones rallied 350 points Friday after a strong May jobs report. Lululemon surged 15% on strong earnings late Thursday.
Stocks opened higher on Friday as investors shrugged off a hotter-than-expected May jobs report. The S&P 500 was up 0.9%, while the Nasdaq Composite was up 1%. The gains for stocks came after the Labor Department said the U.S. economy [added 339,000 jobs in May](https://www.barrons.com/articles/may-jobs-report-today-84737299), blowing away expectations at 186,500, according to FactSet.
U.S. stocks ended sharply higher on Thursday, with the S&P 500 and Nasdaq closing at their nine-month highs, as the House passed the crucial debt ceiling bill in a major step to avoid a default.