I:RUT Dec 2024 1950.000 put
- Yahoo Finance Video
Stocks eye rate hike chances, Treasury yields: Top Takeaways
US equities (^GSPC, ^DJI, ^IXIC) closed Thursday higher after a sluggish April session. The S&P 500 managed to end the day higher for the first time in three sessions. The market is seemingly pricing in Federal Reserve Chair Jerome Powell's comments over the improbability of rate hikes. Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to discuss the top takeaways for the trading day on May 2. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Reuters
GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloom
A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer. Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the 243,000 estimate of economists polled by Reuters. Recent data on inflation and the labor market had fueled concerns the Fed could would be forced to keep rates higher for longer than the market was anticipating, or even raise rates again.
- Investor's Business Daily
Dow Soars On Jobs Surprise, Apple's Earnings And Record Buyback; Warren Buffett's Berkshire Hathaway Next
Stocks soared after April's jobs data was not as strong as expected. Apple rocketed after big buyback plans while Warren Buffett's Berkshire Hathaway heads into earnings.
