Рет қаралды 1,588
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news check out finance.yahoo.com
US stocks edged higher on Monday to start the quarter as investors began counting down to the July 4 break and the key US jobs report.
The Dow Jones Industrial Average (^DJI) rose slightly while the S&P 500 (^GSPC) gained 0.2%. The tech-filled Nasdaq Composite (^IXIC) climbed back into positive territory to rise 0.6% by 12 p.m. ET.
Nvidia (NVDA) shares erased earlier losses, temporarily easing worries the chip heavyweight could be trading in treacherous waters.
Stocks are having a bumpy ride to kick off a trading week cut short by the Independence Day holiday. Investors are debating whether the second half will bring a pullback or a broadening in the record-breaking tech-driven rally that lifted the benchmark S&P 500 to a near-15% gain this year so far.
Coming into focus is the June jobs report due Friday, watched for signs of cooling in the labor market that could help make a case for interest-rate cuts. Encouraging signs that inflation is slowing toward the Federal Reserve's target, plus emerging cracks in the economy, have spurred hopes for a policy pivot.
US manufacturing activity data released on Monday showed the Institute for Supply Management's manufacturing PMI fell further into contraction territory in June, hitting a four-month low.
In the meantime, the prospect of political gridlock in France is gripping investors after the first round of voting in national elections. A rebound in French stocks (^FCHI) lost steam after jumping amid relief that Marine Le Pen's far-right party won by a smaller margin than exit polls indicated.
US political risks also started to emerge amid questions about whether President Joe Biden will step down as a candidate after a poor debate showing.
On the corporate front, Boeing (BA) said it has agreed to buy back supplier Spirit Aerosystems (SPR) in a $4.7 billion all-stock deal that will see a carve-up of its former subsidiary. US prosecutors are said to be seeking a guilty plea from the planemaker in a deal to settle criminal charges after two fatal 737 MAX crashes. Boeing stock tipped higher, while Spirit Aero shares rose about 4%.
Meta (META) shares inched lower in the face of the EU's filing of antitrust charges against the Facebook owner over its "pay or consent" model for avoiding or accepting digital ads.
For more on this article, please visit:
finance.yahoo....