Wall Street: record-breaking end to the week
The Nasdaq once again made the difference thanks to 'technos' and 'titans' such as Meta +5.9%, Sirius +5.1%, AMD +4.9%, followed by Alphabet +2.45%, Apple +2.2% and Microsoft +1.5%.
The eagerly-awaited monthly US employment figures once again proved to be a 'non-event'... but the market was in the 'no news, good news' frame of mind.
Indeed, the figures came out in line with expectations: according to the Labor Department, the US economy generated 206.000 nonfarm jobs in June, a level in line with consensus.
The unemployment rate rose by 0.1 points to 4.1%, where economists had expected it to be stable, while the labor force participation rate stood at 62.6%, and average hourly earnings rose at an annual rate of 3.9%.
Non-farm payrolls for the previous two months were revised sharply downwards, from 165,000 to 108,000 for April and from 272,000 to 218,000 for May, for a total revision balance of -111.000.
On the bond front, US 10-year T-Bonds eased -5.5 basis points to 4.29%, while the '30-year' was virtually unchanged at 4.505% from 4.52%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction