Stock Market Overview
Fri, May 3rd, 2024
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Stocks Close Higher as the Outlook Improves for Fed Rate Cuts
Barchart - 58 minutes ago
The S&P 500 Index ($SPX) (SPY) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.99%.
US stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 2-1/2 week highs and the Dow Jones Industrials posting a 3-1/2 week high. Stocks opened higher Friday as solid earnings from Apple pushed it up more than +6% and fueled optimism about the earnings power of big technology companies. Stocks added to their gains as bond yields fell after Friday’s weaker-than-expected US reports on Apr nonfarm payrolls and the Apr ISM services index bolstered confidence that the Fed will be able to start cutting interest rates this year.
Stock indexes fell back from their best levels Friday based on hawkish comments from Fed Governor Bowman, who said inflation will likely remain elevated for "some time" and that she is "willing to hike" interest rates if inflation stalls or re... Read more
Decoding metaphors in everyday phrases
Due Inc. - 1 minute ago
“Raindrops are falling on my head.” This simple phrase, often heard in songs and poetry, carries a profound metaphorical significance that resonates with many. It can be interpreted in various ways,...
Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
AP - 25 minutes ago
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month
Stocks Close Higher as the Outlook Improves for Fed Rate Cuts
Barchart - 55 minutes ago
The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.99%. US stock indexes...
1 Growth Stock to Scoop Up While It's Cheap
Barchart - Fri May 3, 2:17PM CDT
Following its pullback from 52-week highs, this growth stock could be a solid bargain investment now.
This Outperforming Dividend Aristocrat Still Looks Cheap
Barchart - Fri May 3, 2:02PM CDT
Amid macroeconomic volatility, here’s an affordable dividend aristocrat stock that’s outperforming the broader market in 2024.
US employers scaled back hiring in April. How that could let the Fed cut interest rates
AP - Fri May 3, 1:26PM CDT
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market
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