BREAKING NEWS US economy adds 175,000 jobs in April, much fewer than expected YHD - Delayed Quote • USD Packaging&Cont (^YHOH732) Follow 838.56 +3.83 (+0.46%) At close: December 7 at 4:19 PM EST Related News Stock market today: Stock futures surge after soft jobs report, Apple earnings triumph Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report. Fed policy 'restrictive,' but markets are 'buoyant': Fmr. Fed Pres. The market has begun to price in the comments made by Federal Reserve Chair Jerome Powell after the Fed concluded its two-day meeting on Wednesday with a decision to keep rates steady. The debate about when or if the Fed needs to raise or lower rates to reach its target inflation goal continues. Former Boston Federal Reserve President Eric Rosengren joins Market Domination Overtime to give insight into the Federal Reserve, its recent higher-for-longer decision, and its future policy maneuvers. "I think [Powell] is being very careful in what he's saying at the press conferences now. He's right that monetary policy is pretty restrictive at this point. When you have an interest rate in the mid fives, and inflation rate that's using the core PCE at 2.8%, historically that's a pretty high real rate, which indicates that the Fed is being pretty restrictive on short term interest rates, which is what it controls," Rosengren tells Yahoo Finance: For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino Stock market today: Stocks climb as Fed rate-hike fears fade, with Apple on deck Investors are accentuating the positive in Jerome Powell's policy comments and looking ahead to Apple earnings. Markets see 'shallow' rate cut path through 2026: Strategist The Federal Reserve announced its decision to hold interest rates at their current levels on Wednesday. Fed Chair Jerome Powell reiterated the central bank's need to observe further progress in taming inflation before initiating a rate-cutting cycle. Joining the Morning Brief to provide insights into the rate cut outlook is UBS Global Management Head of Taxable Fixed Income Strategy Leslie Falconio. Falconio highlights that the market had adopted a hawkish stance leading up to the Fed meeting, effectively pricing out numerous rate cuts — with markets now factoring in just one rate cut in 2024 and "a very shallow cutting path" in 2025 and 2026. She acknowledges the market's speculation about a potential rate hike, emphasizing that "the important part" was Fed Chair Powell's clarification on the path forward for rate cuts. Addressing the inflation target, Falconio emphasizes the Fed's need for "continued progress lower" in economic data. While the target remains at 2%, she believes that the exact figure may not necessarily need to be attained, as long as the disinflationary trend persists. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith Dow Jones Futures Rally 500 Points On Weak Jobs Report; Apple Surges On Buyback Stock Market Today: Dow Jones futures rallied 500 points Friday on a weak April jobs report. Apple stock surged on buyback news. GLOBAL MARKETS-Investors bet weaker U.S. payrolls spur more Fed rate cuts Global shares rose on Friday as investors bet that news of slower-than-expected U.S. non-farm payrolls jobs growth would give the Federal Reserve more reason to cut interest rates later in the year. U.S. interest rate futures priced in two cuts of 25 basis points apiece this year, perhaps starting in September, compared with just one cut being forecast before the jobs numbers were released ahead of Wall Street's opening bell. The data also sent U.S. stock futures sharply higher, building on an already bullish mood after news of Apple's record $110 billion share buyback. Jobs Report: Slower Hiring, Cool Wage Growth Lift Fed Rate-Cut Odds; S&P 500 Futures Jump The April jobs report came in well below views. Wage gains cooled. S&P 500 futures jumped, but will it affect the Fed rate outlook? April US jobs report shows looser labor market, good news for Fed The unemployment rate rose to 3.9% from 3.8%. The one caveat would be that the labor market reports are notoriously fickle and what we see this month might not be what we turn around and see next month. The Tech Sector Has Been Booming Lately. Here's One ETF Investors Should Add to Their Portfolios. The Invesco Nasdaq 100 ETF exposes investors to top tech companies while also providing a bit of diversification. US STOCKS-Wall St set to open sharply higher on soft jobs data Wall Street's main indexes were set to open higher on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support. The Labor Department report showed U.S. nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters. Jobs report shows marked April slowdown, prompting Fed rate-cut bets Jobs gains are still solid, but the pace is slowing markedly from the first-quarter levels. 3 Vanguard ETFs to Buy If You're Looking for Reliable Passive Income ETFs can be a great way to boost your passive income stream while also achieving diversification. Earnings: Investors Eat Up Results From Chipotle, Tesla, and Alphabet The market loves Alphabet's dividend and Tesla's mass market ambitions, but is less sold on Meta commingling AI and the metaverse. Streamers, Big Banks, and Cyberattacks The latest earnings season gives these investors a lot to talk about. Dow Jones Futures Rise As Apple Jumps On Buyback, But Jobs Report Looms The stock market rallied into Friday's key jobs report. Apple popped late on earnings and massive stock buyback. Warren Buffett, Suze Orman and Other Experts on How To Set Yourself Up for Retirement Depending on which stage you're at in life, you may either be thinking very carefully about retirement or not worrying much about it at all. The financial experts, however, warn that you always should... The New Magic Number for Retirement Is $1.5 Million. Investing in This ETF Can Help You Get There Regardless of how much you expect you'll need by retirement, investing in growth funds can help get your portfolio to as high a value as possible. Bank and Tech Sectors Lift European Bourses Midday Bank and Tech Sectors Lift European Bourses Midday Stocks Rally on Apple Earnings Before US Jobs Data: Markets Wrap (Bloomberg) -- Stocks advanced before the US jobs report as Apple Inc. fanned optimism about the earnings power of big tech companies. The yen climbed to a three-week high.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesTrump Auditions VP Picks Before Wealthy Donors in Palm BeachNon-f GLOBAL MARKETS-Investors hold fire ahead of US payrolls Investors hunkered down on Friday ahead of key U.S. non-farm payroll numbers that could shift bets on when the Federal Reserve will start cutting rates. U.S. stock index futures gained after news of Apple's record $110 billion share buyback, but the jobs figures due at 1230 GMT are set to shape investor sentiment across assets. The yen recovering from 34-year lows was the focus in Asia, capping a tumultuous week that saw suspected intervention from Japanese authorities, leaving the dollar on the back foot.
