Reported 6 months ago
Wall Street stocks closed slightly lower as the U.S. economy added more jobs than expected, raising concerns that the Federal Reserve may delay cutting interest rates. The S&P 500 initially dropped but recovered to reach an intraday high, while U.S. Treasury yields rose. Financial and technology sectors performed well, and for the week, the S&P 500 gained 1.32%. The Dow fell by 0.22%, the S&P 500 by 0.11%, and the Nasdaq by 0.23%. GameStop, AMC Entertainment, and Koss Corp experienced declines, while Nvidia's valuation dropped. Lyft shares rose, and market trends will be influenced by U.S. inflation data and the upcoming Federal Reserve policy meeting.
Source: YAHOO