Connect with us


Stock Market Today: Live Updates

Stock Market Today: Live Updates
Stock Market Today: Live Updates


Traders work on the floor of the New York Stock Exchange on April 25, 2024.

Brendan McDermid | Reuters

THE S&P500 hit a new record high on Friday, with stocks poised to finish the week higher despite a stronger-than-expected jobs report.

The broader market index edged up 0.1% to surpass an intraday high set Wednesday. THE Dow Jones Industrial Average gained 55 points, or 0.1%. THE Nasdaq Composite increased slightly by 0.02%.

Stocks are rebounding after pressure earlier in the session following Friday's jobs report. This news sent the yield on the benchmark 10-year Treasury and 2-year Treasury up nearly 14 basis points.

Nonfarm payrolls rose 272,000 in May, above the Dow Jones estimate of 190,000 and April's gain of 175,000. The average hourly wage increased 0.4% last month and 4.1% year-over-year. However, even with job creation, the unemployment rate increased to 4%.

Investors had been hoping for weak jobs numbers, thinking it would give the Federal Reserve a green light to cut rates later this year. Today, as the job market demonstrates continued resilience, Wall Street appears to be focused on the idea that the economy is strong enough to continue growing without the help of lower interest rates.

“We should all be happy to have a strong economy,” IBM Vice President and former director of the National Economic Council Gary Cohn told CNBC's “Squawk on the Street” on Friday. “At the end of the day, it's all about the economy, GDP growth, corporate profits, consumer health, [and] it’s always going to win out in the long run. »

The jobs report comes after the European Central Bank on Thursday cut rates for the first time since 2019, increasing pressure on the Fed to potentially ease policy. The Fed will make its rate decision next week after its June 11-12 policy meeting.

Darling chipmaker and artificial intelligence Nvidia slipped about 1.4%, from the record high set earlier in the week.

All three major averages are on track for a winning week. The Dow gained 0.7%, while the S&P 500 is up nearly 1.5% and the Nasdaq is on track to advance 2.5%.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]