Jun 21, 2024 | Markets
US stocks mostly finished in the red Friday as a tech-led rally showed real signs of fatigue for the first time in over a week. The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) both lost about 0.2%. The Dow Jones Industrial Average (^DJI)...
Jun 5, 2024 | Markets
The pay gap between job stayers and job changers narrowed in May in the latest sign that the US labor market is cooling from a hot start to 2024. New data from ADP released Wednesday showed that the median year-over-year pay increase for job switchers fell to 7.8% in...
Jun 4, 2024 | Markets
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...
Apr 26, 2024 | Markets
Another hot inflation reading reinforces that any near-term interest rate cuts are less likely as the Federal Reserve shifts to a higher-for-longer stance. The Fed’s preferred inflation measure — the “core” Personal Consumption Expenditures index...
Apr 23, 2024 | Markets
Stocks rebounded from their recent slump on Monday, but some bearish Wall Street strategists still see concerns that aren’t going away anytime soon for investors. With expectations that the Federal Reserve will cut interest rates fading, signs of inflation...
