^DJI - Dow Jones Industrial Average
| Previous Close | 33,061.60 |
| Open | 33,187.58 |
| Volume |
| Day's Range | 33,187.58 - 33,805.00 |
| 52 Week Range | 28,660.94 - 34,712.28 |
| Avg. Volume | 315,274,444 |
Yahoo FinanceStocks slide as debt ceiling vote looms, jobs data stays hot: Stock market news today
US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.
Yahoo FinanceDebt ceiling done, Fed goes quiet: What to watch this week
With first quarter earnings season largely done, investors will now shift focus to the Fed's next meeting and how policy updates could impact the AI-driven rally in stocks.
- Investing.com
Dow futures steady as debt bill signed into law
Investing.com - U.S. stock futures were trading in a mixed fashion during Sunday's evening trade after major benchmark averages closed out the holiday-shortened week higher as stronger than expected nonfarm payrolls data boosted investor sentiment, while President Joe Biden signed the debt ceiling bill into law over the weekend in order to avoid an impending U.S. default.
Motley FoolU.S. Money Supply Hasn't Done This Since the Great Depression, and It Implies Something Big for Stocks
Wall Street can look vastly different depending on your investment timeline. When examined over multiple decades, we see that stock market corrections are commonplace, but the uptrend in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) is well-defined. Over shorter periods, directional movements on Wall Street become far less predictable, as evidenced by the three major U.S. stock indexes plunging into a bear market in 2022.
Motley FoolThe 2 Most Surprising Stock Winners In the Dow Today
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.
Yahoo Finance VideoJobs report: Economy, inflation, writers' strike in focus
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
- Reuters
US STOCKS-Wall Street ends up on jobs data, debt default averted
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.
Yahoo FinanceStocks rally after May jobs report tops expectations: Stock market news today
Stocks rose on Friday as better than expected May jobs report reiterated strength in the US labor market.
Yahoo Finance VideoTech stocks have powered market gains: Can it last?
Just a handful of tech stocks, including Apple, Microsoft, Nvidia, Tesla, and Amazon are responsible for the most of the big gains we have seen in the Nasdaq. Michele Schneider, Chief Strategist at Marketgauge.com tells Yahoo Finance Live why she thinks it would be "healthy" to see some of these stocks pull back.
Motley FoolWhy JPMorgan Chase Stock Was Up Today
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.
- Reuters
US STOCKS-Wall Street rallies after jobs data; debt default averted
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.
Motley FoolWhy Comerica Stock Was Rising Today
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.
- Reuters
US STOCKS-Wall St rises after jobs data; debt default averted
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.
The TelegraphSummer holidays at risk as Heathrow security officers to strike
Holidaymakers face travel chaos at Heathrow as security guards prepare to strike for 33 days over summer.
- Investing.com
Stock market today: Dow in weekly win on blowout jobs report; U.S. averts default
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.
- Reuters
GLOBAL MARKETS-Global shares, U.S. yields rise after strong jobs data, debt ceiling passage
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.
- Investing.com
S&P 500 rallies as jobs report surprises to upside, U.S. averts default
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.
Yahoo Finance VideoMay jobs data: How markets are reacting
Yahoo Finance Live's Jared Blikre breaks down the market reaction to the stronger than expected May employment report.
ZacksStock Market News for Jun 2, 2023
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.
Yahoo Finance UKFTSE 100 closes higher as Wall Street jumps after jobs report tops expectations
The US economy added 339,000 nonfarm payroll jobs last month while the unemployment rate rose to 3.7%.
Motley FoolThese 2 Stocks Are Set to Soar Tomorrow
Stock markets got a nice lift on the first day of June, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular continued its run higher to close at its highest level in nearly a year. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also posted solid gains. Earnings reports kept coming in after the market had closed for the day, with some companies getting a boost, while others plunged.
Yahoo Finance VideoStocks close higher, Dollar General & Macy's results, jobs report in focus: Top stories
The major stock indexes closed higher Thursday despite some disappointing news on the consumer from Macy's and Dollar General. On Friday, all eyes will be on the May jobs report. Economists are expecting 195,000 jobs were added last month.
- Reuters
GLOBAL MARKETS-Global equities rise, U.S. yields fall after debt ceiling bill advances
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve. A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
- Reuters
US STOCKS-Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer
The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling. The number of Americans filing new claims for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight labor market that could push the Fed to keep rates elevated.
Yahoo FinanceStocks rise as House passes debt deal: Stock market news today
Stocks rose on Thursday after the House passed a bill to extend the U.S. debt limit.