Reported 11 months ago
US stocks fluctuated after a jobs report showed higher-than-expected hiring growth, with the S&P 500 and Dow Jones falling while the Nasdaq inched lower. Despite the Friday dip, all three indexes secured weekly wins. The report's data suggested the economy might not see a rate cut until fall, as the Labor Department reported a notable 272,000 job additions in May, surpassing forecasts, but the unemployment rate also ticked up to 4.0%. Elsewhere, GameStop shares plummeted despite Keith Gill's optimistic livestream, Nvidia prepared for a stock split, and investors awaited the Fed meeting for insights on rate expectations.
Source: YAHOO