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May Nonfarm Payrolls Preview: Balancing Labor Market Signals Decelerating Hiring Momentum
May's nonfarm payrolls report will be released at 8:30 ET this Friday. The median forecast of analysts for the May nonfarm employment is 190,000. The slowdown in hiring in the leisure and hospitality industry and government sectors is expected to continue in May.
US Services Sector Expands by the Most in Nine Months
The ISM's composite gauge of services jumped 4.4 points, the most since the start of last year, to 53.8. The May figure exceeded all forecasts in a Bloomberg survey of economists. Mike McKee reports.
6/6 [Strength and weakness of materials]
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Nvidia Market Cap Hits $3T, Sending Nasdaq, S&P to Records | Wall Street Today
Nvidia's record-breaking rally sent the company's market capital to $3.01 trillion, surpassing that of
U.S. Shares Higher at Close of Trade; Dow Jones Industrial Average up 0.25%
Nasdaq Joins S&P 500 in Climbing to Record as Nvidia Hits $3 Trillion Market Cap
The Nasdaq joined the S&P 500 in climbing to a fresh record, as signs of weakening labor market fueled hopes that the US Federal Reserve could start cutting interest rates in the next few meetings.
9919933 : Rate cut meaning mkt no good = share drop. Should increase interest more meaning econimc is hot.? Wrong?
Seraphicall 9919933: Wrong