Stocks Climb as Weak Jobs Report Eases Fed Rate Hike Fears

Macro
โดย Barchart·Read original
Summary · why it matters

US stocks rose on Thursday, with the Dow Jones Industrial Average hitting a new all-time high, after a weaker-than-expected June jobs report eased concerns about further Federal Reserve interest rate hikes. The S&P 500 gained 0.67% to a two-week high, the Dow added 0.85%, and the Nasdaq 100 advanced 0.40%. Nonfarm payrolls increased by 57,000, well below the 113,000 forecast, while May's figure was revised down to 129,000 from 172,000, pushing bond yields lower. The unemployment rate unexpectedly dipped to a one-year low of 4.2%, and average hourly earnings rose 0.3% month-over-month, matching estimates. Markets now see only an 18% chance of a quarter-point rate increase at the Fed's late-July meeting.

Impact on stocks 22

Cloud & Digital Infrastructure · 5 stocks
Consumer Discretionary · 2 stocks
Artificial Intelligence · 2 stocks
Defense & Geopolitical Fragmentation · 2 stocks
Financials · 1 stocks