Soaring Apple Earnings and Surprising Jobs Report Push US Stocks to Open Higher!
US stock indexes opened higher on Friday, after four consecutive days of losses, as a robust April jobs report tempered fears of an economic slowdown. The Dow Jones Industrial Average gained 376 points, or 1.1%, to 33,504, while the S&P 500 advanced 1.1% and the Nasdaq Composite rose 1%. Government data shows the US created […]
“Job Report Sparks 70% Surge Probability: Are Traders Ready for May Rate Hike?”
Traders in Federal funds futures are now pricing in a nearly 70% chance of a 25 basis point rate hike by the Federal Reserve at its meeting in May. After the release of the March labor report, the probability of a rate rise increased from 49.2% to 67.4%, according to CME’s FedWatch tool. Analysts say […]