Reported 6 months ago
US stocks wobbled on Friday after the May jobs report revealed stronger hiring growth than expected, impacting expectations for interest-rate cuts. Despite the lackluster session, all three indexes logged weekly wins. GameStop plummeted nearly 40% after Keith Gill's livestream, Nvidia's stock split is anticipated, and Homebuilder stocks dipped following the jobs report. The Fed is expected to keep rates steady at next week's meeting, amidst mixed interpretations of the job report's impact on interest rate outlooks.
Source: YAHOO