Stock market today: Stocks waver after jobs report smashes expectations
==========
US stocks wobbled on Friday after a jobs report showed stronger hiring growth than expected. The S&P 500 rose 0.1% and the Dow Jones Industrial Average gained 0.2%, while the tech-heavy Nasdaq Composite remained in the red. The highly anticipated May jobs report revealed that the US economy added 272,000 jobs, surpassing expectations. However, the unemployment rate ticked higher to 4.0%. GameStop shares closed 47% higher on Thursday but dropped sharply after the company announced a stock sale. Keith Gill, also known as 'Roaring Kitty,' held a livestream on YouTube, his first appearance since helping ignite the meme stock rally. The stock market turned green in afternoon trading, recovering from earlier losses. The jobs report is seen as a 'Rorschach blot' with mixed interpretations, with optimists seeing solid payroll growth and pessimists focusing on the uptick in unemployment. Stocks trending in morning trading included GameStop, DocuSign, Lyft, and Vail Resorts. The May jobs report put a dent in the narrative of an imminent interest rate cut by the Federal Reserve. Robinhood's stock price has risen 27% in the last 30 days, and the company recently acquired crypto exchange Bitstamp. The market still anticipates rate cuts for 2024, as central banks globally move towards easing monetary policy.
#StockMarket #JobsReport #InterestRates #Gamestop #RoaringKitty #Livestream #UnemploymentRate #RorschachBlot #Robinhood #RateCuts
https://finance.yahoo.com/news/live/stock-market-today-stocks-waver-after-jobs-report-smashes-expectations-133119777.html
Yahoo Finance /
npub1j0e…3yhd
2024-06-07 19:24:22
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-07 19:24:22Event JSON
{
"id": "59dd15bbe1561ede44f9e0f51e62a98dcf056be85ee03d718ada341ce8812427",
"pubkey": "93f3a15c67502a1e8d49ae703d784c93feb61c0800cec8ffee565ba031a3dd53",
"created_at": 1717781062,
"kind": 1,
"tags": [],
"content": "Stock market today: Stocks waver after jobs report smashes expectations\n==========\n\nUS stocks wobbled on Friday after a jobs report showed stronger hiring growth than expected. The S\u0026P 500 rose 0.1% and the Dow Jones Industrial Average gained 0.2%, while the tech-heavy Nasdaq Composite remained in the red. The highly anticipated May jobs report revealed that the US economy added 272,000 jobs, surpassing expectations. However, the unemployment rate ticked higher to 4.0%. GameStop shares closed 47% higher on Thursday but dropped sharply after the company announced a stock sale. Keith Gill, also known as 'Roaring Kitty,' held a livestream on YouTube, his first appearance since helping ignite the meme stock rally. The stock market turned green in afternoon trading, recovering from earlier losses. The jobs report is seen as a 'Rorschach blot' with mixed interpretations, with optimists seeing solid payroll growth and pessimists focusing on the uptick in unemployment. Stocks trending in morning trading included GameStop, DocuSign, Lyft, and Vail Resorts. The May jobs report put a dent in the narrative of an imminent interest rate cut by the Federal Reserve. Robinhood's stock price has risen 27% in the last 30 days, and the company recently acquired crypto exchange Bitstamp. The market still anticipates rate cuts for 2024, as central banks globally move towards easing monetary policy.\n\n#StockMarket #JobsReport #InterestRates #Gamestop #RoaringKitty #Livestream #UnemploymentRate #RorschachBlot #Robinhood #RateCuts\n\nhttps://finance.yahoo.com/news/live/stock-market-today-stocks-waver-after-jobs-report-smashes-expectations-133119777.html",
"sig": "9cfc35f6fc63849c96eaafa6faf50a1966c1caa5fedc54247f36c180e50d6dd970f841ed1ddd2a0f0f15432957aa117dfe32bb66e7af379db38e16ff27340ad9"
}