Reported 4 months ago
U.S. stocks closed slightly higher as labor market data revealed a decrease in job openings, signaling a potential Fed rate cut. The lackluster data, including slowing manufacturing activity, added to concerns of sluggish economic growth. Despite gains in real estate and consumer staples, materials and energy sectors suffered losses. Market now anticipates a higher probability of a rate reduction, with non-farm payrolls report for May due on Friday.
Source: YAHOO