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S&P Cuts Boeing's Ratings Outlook to Negative
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Renewed hope for rate cuts and a big day for tech shares boosted the Dow, S&P 500 and Nasdaq 1.2%, 1.3% and 2%, respectively, on Friday. All three major indexes rose for the week.
Renewed hope for rate cuts and a big day for tech shares boosted the Dow, S&P 500 and Nasdaq 1.2%, 1.3% and 2%, respectively, on Friday. All three major indexes rose for the week.The Wall Street Journal - World -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World -
Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Business
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