* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, August 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    ‘The Lucky Ones’: Mae Ngai Sells Film & TV Rights To Neurosphere Entertainment – Deadline

    The Lucky Ones’: Mae Ngai Lands Thrilling Deal for Film and TV Adaptations

    Our picks for the best things to do in Cincinnati this week, Aug. 18-24 – Cincinnati Enquirer

    Unmissable Things to Do in Cincinnati This Week, Aug. 18-24

    Terence Stamp: from arthouse icon to blockbuster villain – yahoo.com

    Terence Stamp: From Arthouse Legend to Hollywood’s Ultimate Villain

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    YSU to celebrate launch of new radiology technology program – WKBN.com

    YSU Launches Exciting New Radiology Technology Program Celebration

    Thaddeus Stevens College of Technology kicks off return to school for Lancaster County colleges [photos] – LancasterOnline

    Thaddeus Stevens College of Technology Kicks Off an Exciting New School Year for Lancaster County Colleges [Photos]

    Empyrean Technology’s revenue climbs, but profit plunges 92% in EDA spending squeeze – digitimes

    Empyrean Technology’s Revenue Skyrockets as Profits Plunge 92% Amid EDA Spending Crunch

    5G-A technology provides strong support for China’s football sensation Suchao – Global Times

    How 5G-A Technology is Revolutionizing China’s Football Star Suchao

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    ‘The Lucky Ones’: Mae Ngai Sells Film & TV Rights To Neurosphere Entertainment – Deadline

    The Lucky Ones’: Mae Ngai Lands Thrilling Deal for Film and TV Adaptations

    Our picks for the best things to do in Cincinnati this week, Aug. 18-24 – Cincinnati Enquirer

    Unmissable Things to Do in Cincinnati This Week, Aug. 18-24

    Terence Stamp: from arthouse icon to blockbuster villain – yahoo.com

    Terence Stamp: From Arthouse Legend to Hollywood’s Ultimate Villain

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    YSU to celebrate launch of new radiology technology program – WKBN.com

    YSU Launches Exciting New Radiology Technology Program Celebration

    Thaddeus Stevens College of Technology kicks off return to school for Lancaster County colleges [photos] – LancasterOnline

    Thaddeus Stevens College of Technology Kicks Off an Exciting New School Year for Lancaster County Colleges [Photos]

    Empyrean Technology’s revenue climbs, but profit plunges 92% in EDA spending squeeze – digitimes

    Empyrean Technology’s Revenue Skyrockets as Profits Plunge 92% Amid EDA Spending Crunch

    5G-A technology provides strong support for China’s football sensation Suchao – Global Times

    How 5G-A Technology is Revolutionizing China’s Football Star Suchao

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes

July 6, 2024
in Business
Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes
Share on FacebookShare on Twitter

By Saeed Azhar, Ankika Biswas and Lisa Pauline Mattackal

NEW YORK (Reuters) -Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark hitting record highs, as new data showing U.S. labor market weakness boosted expectations for interest rate cuts as early as September.

The rally was fueled by megacap stocks such as Microsoft (NASDAQ:) which rose nearly 1.5% to end at a record high.

Meta Platforms (O:) also scored an all-time closing high, gaining around 5.9% to push the information technology sector to a record high.

S&P 500 communication services was the top performing sector, reaching its highest level since 2000.

The rose 67.87 points, or 0.17%, to close at 39,375.87. The S&P 500 gained 30.17 points, or 0.54%, at 5,567.19 and the advanced 164.46 points, or 0.90%, to 18,352.76.

For the week, the S&P 500 gained 1.95%, the Nasdaq rose 3.5% pct, and the Dow climbed 0.66%.

Labor Department data showed U.S. jobs growth slowed marginally in June, and the unemployment rate rose to an over 2-1/2-year high, while wage gains slowed.

Investors expect the data could stir more active debate on rate cuts when the Federal Reserve meets later this month. Odds of the U.S. central bank easing in September jumped to 79% from 66% seen before the data, CME’s FedWatch Tool showed.

“This report puts the Fed in a comfortable spot,” said Peter Cardillo, chief market economist at Spartan Capital Securities.

“If this continues next month, with no increases in hourly wages, then I think we’ll see a rate cut in September and another one in December.”

Data released earlier this week also pointed to the U.S. economy losing steam, helping the S&P 500 and Nasdaq notch record closing highs during Wednesday’s holiday-shortened session.

“We’re in this kind of stagflation adjacent environment – growth is moderating, inflation is staying where it is for the time being,” said Alex McGrath, chief investment officer for NorthEnd Private Wealth.

He said the environment is not great for small caps, which are sensitive to interest rates, but megacap companies are pumping out strong earnings which keep the market strong.

The Small Cap index is down 0.95% for the week.

Major banks fell ahead of second-quarter corporate earnings reports starting next Friday.

Higher interest rates and an uncertain economic environment are casting a cloud over U.S. bank earnings.

Bank of America, Wells Fargo and JPMorgan & Chase dropped between 1.2% to 1.7%, pushing the S&P 500 banks index 1.6% lower.

Macy’s (NYSE:) on Friday surged 9.5% after a report said Arkhouse Management and Brigade Capital raised their bid to buy the department store chain for about $6.9 billion.

Advancing issues outnumbered decliners by a 1.04-to-1 ratio on the NYSE. On the Nasdaq, declining issues outnumbered advancers by a 1.05-to-1 ratio.

© Reuters. A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024.  REUTERS/Brendan McDermid

The S&P 500 posted 19 new 52-week highs and eight new lows while the Nasdaq Composite recorded 46 new highs and 162 new lows.

Volume on U.S. exchanges was 9.73 billion shares, compared with the 11.57 billion average for the full session over the last 20 trading days.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy-news/futures-edge-higher-ahead-of-key-payrolls-data-3508813

Tags: businessNasdaqRecord
Previous Post

New PM Starmer pledges to rebuild Britain after years of chaos

Next Post

Yuvan and Santhosh Narayanan team up for the first time in ‘Yezhu Kadal Yezhu Malai’!

Econ 101: A Compass for a Lost Country – The Daily Economy

Econ 101: Unlocking the Secrets to Building a Brighter Future

August 21, 2025
Bama Dining Serving Up New Food, Entertainment – UA News Center

Bama Dining Launches Thrilling New Food and Entertainment Experiences

August 21, 2025
Putting sleep at the center of health care – The University of Arizona

Transform Your Health by Putting Sleep at the Center of Your Wellness Routine

August 21, 2025
Trump’s remarkable statement against states’ rights – CNN

Trump’s remarkable statement against states’ rights – CNN

August 21, 2025
Protected seas help kelp forests bounce back from heatwaves – ScienceDaily

How Protected Seas Are Helping Kelp Forests Thrive After Devastating Heatwaves

August 20, 2025
Female Jumping Spiders Of Two Species Prefer The Sexy Red Males Of One, Leading To Hybridization – IFLScience

Female Jumping Spiders Show a Surprising Preference for Vibrant Red Males, Sparking Hybridization Between Species

August 20, 2025
Salmon and steelhead extinction threshold science, and the ocean fish of northeast Oregon – Idaho Capital Sun

Salmon and steelhead extinction threshold science, and the ocean fish of northeast Oregon – Idaho Capital Sun

August 20, 2025
Grange Fair provides learning opportunities for the farming lifestyle – WTAJ

Experience the Farming Lifestyle Up Close with Grange Fair’s Hands-On Learning!

August 20, 2025
Denver man receives pacemaker using new technology – CBS News

Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

August 20, 2025
Fall Whaler Sports Teams Begin Preseason Practices – Nantucket Current

Fall Whaler Sports Teams Ignite Excitement with Dynamic Preseason Practices

August 20, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (781)
  • Economy (803)
  • Entertainment (21,681)
  • General (16,581)
  • Health (9,842)
  • Lifestyle (814)
  • News (22,149)
  • People (804)
  • Politics (811)
  • Science (16,015)
  • Sports (21,301)
  • Technology (15,783)
  • World (784)

Recent News

Econ 101: A Compass for a Lost Country – The Daily Economy

Econ 101: Unlocking the Secrets to Building a Brighter Future

August 21, 2025
Bama Dining Serving Up New Food, Entertainment – UA News Center

Bama Dining Launches Thrilling New Food and Entertainment Experiences

August 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version