S&P 500 bounces Friday after strong jobs report but heads for losing week: Live updates
Publishing timestamp: 2024-04-05 13:43:46
Summary
Stocks rebounded on Friday following a strong jobs report, despite fears of rising rates. The market is torn between wanting a strong economy for corporate earnings growth and a weaker job market for potential interest rate cuts. Major indexes are still on track for a losing week, with tech stocks leading the decline. Investor sentiment is at extreme levels, which historically leads to lackluster returns. Oil prices are up due to tensions in the Middle East, and Japan may intervene if the yen weakens further. Samsung Electronics expects a significant jump in first-quarter operating profit. Consumer spending in the US may see a modest increase due to a surge in household wealth. Market participants are awaiting the release of the March jobs report for further insights.
Sentiment: MIXED
Tickers: BURL, META, DOW, NFLX, AMD, ULTA, @DJ.1, .IXIC, @ND.1, CNK, ENPH, @CL.1, @LCO.1, DNUT, ON, INTC, LESL, FL, WBA, WDC, .SPX, @SP.1, MU, .NDX, CHTR, NVDA, TSLA, SIRI, XRT, LULU, .DJI,
Keywords: dow inc, united states, markets, economy, dow jones fut (mar'23), nasdaq composite, s&p 500 index, dow jones industrial average, economic events, neel kashkari, s&p 500 fut (mar'23), stock markets, breaking news: markets, business news, nasdaq 100 fut (mar'23),
Source: https://www.cnbc.com/2024/04/04/stock-market-today-live-updates.html