US stock futures stalled on Wednesday after markets’ roaring comeback hit the buffers, as investors waited for Federal Reserve minutes and jobs data revisions likely to shape bets for interest-rate cuts. S&P 500 futures () were little changed after the benchmark index closed slightly lower to snap an eight-day winning streak. Futures on the Dow
(Bloomberg) — Stocks joined gains in bonds after the latest jobs report reinforced bets the Federal Reserve will cut interest rates this year. Most Read from Bloomberg The S&P 500 headed toward a fresh record and Treasury yields dropped across the curve as data showed US hiring moderated in June while the jobless rate rose
US stocks held near all-time highs on Friday as investors weighed the June jobs report, which will play into Federal Reserve rate cut calculations. The S&P 500 (^GSPC) slipped just below the flatline, on heels of the report, after notching a record close in a shortened session on Wednesday. The Dow Jones Industrial Average (^DJI)
Joe Biden and Donald Trump are set to lay out very different summaries of recent history when they meet Thursday for their first debate. These dueling economic narratives are much more than academic. Which version of the last seven and a half years voters believe could very well decide the winner this fall. To help
The US labor market added more jobs than expected in May defying previous signs of a slowdown in the economy. Data from the Bureau of Labor Statistics released Friday showed the labor market added 272,000 nonfarm payroll jobs in May, significantly more additions than the 180,000 expected by economists. Meanwhile, the unemployment rate rose to
Lululemon’s stock (LULU) rose about 4% on Thursday after the company boosted its full-year profit outlook and raised its stock repurchase program by $1 billion. The company said late Wednesday it now sees full-year earnings per share in a range of $14.27 to $14.47, up from a prior range of $14 to $14.20. It maintained
Job openings fell in April to their lowest level since February 2021 as the labor market shows further signs of cooling off from the hiring boom that followed the US economy reopening after the pandemic. New data from the Bureau of Labor Statistics released Tuesday showed there were 8.06 million jobs open at the end