US jobs market
S&P 500 Holds Steady Amid Labor Market Concerns Ahead of Jobs Report | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) The S&P 500 paused on Tuesday but remained near record highs as investors assessed signs of a cooling labor market, just a day before the critical monthly US jobs report. The Dow Jones Industrial Average edged up 0.1%, while the S&P 500 and NASDAQ Composite both dipped 0.1%.
Dow Rises as Falling Job Openings Boost Hopes for Fed Rate Cut | Daily Market Analysis
Key events: USA - Nonfarm Employment Change (May) USA - S&P Global Services PMI (May) Canada - BoC Interest Rate Decision USA - ISM Non-Manufacturing PMI (May) USA - ISM Non-Manufacturing Prices (May) USA - Crude Oil Inventories The Dow closed higher on Tuesday as a significant drop in job openings to a three-year low pointed to weaker economic growth, raising hopes for a Federal Reserve rate cut later this year.
S&P 500 Hits Historic 5,000 Milestone Amid Strong Disney Surge | Daily Market Analysis
Key events: Eurozone - German CPI (MoM) (Jan) Canada - Employment Change (Jan) Canada - Unemployment Rate (Jan) The S&P 500 achieved a record high for the second consecutive Thursday, briefly touching an unprecedented 5,000 level just before closing. The surge in Disney and ARM contributed to this milestone, keeping the bullish trend intact.
The Significance of US Jobs Day and Employment Report
During each election season, politicians worldwide campaign with the pledge of generating well-compensated employment opportunities. This aspect often serves as the paramount criterion for most voters. Parents support such promises because they envision increased job prospects for their children, while young individuals cast their votes in favor of these policies in anticipation of better employment prospects.
US Stock Futures Hold Steady Amid Positive Week and Holiday Closure, Fed Rate Pause Expectations | Daily Market Analysis
Key events:
U.S. Jobs Reports Boost the Market | Daily Market Analysis
Key events: Switzerland – Unemployment Rate s.a. (Dec) Eurozone – Unemployment Rate (Nov) Canada – Building Permits (MoM) (Nov) U.S. jobs data boosted the U.S. stock market Friday. Will it be able to hold on? The U.S. jobs number came in at 223,000. It was the lowest number in a while and the market took it as good news. Nevertheless, it was well above the expected 200,000 and still above pre-crisis levels. In other words, the employment situation remains too favorable for the Fed.
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