Reported 11 months ago
US stocks dipped on Friday as a stronger-than-expected jobs report raised concerns about interest-rate cuts, with the S&P 500 and Nasdaq Composite slipping slightly. However, all three major indexes still closed the week in positive territory. The May jobs report revealed 272,000 job additions, surpassing expectations, while the unemployment rate rose to 4.0%. Elsewhere, GameStop's stock plummeted 40% despite Keith Gill's positive remarks in a live stream, Nvidia's 10-for-1 stock split is anticipated, and investors are preparing for the Fed's policy meeting next week to decipher interest rate projections.
Source: YAHOO