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Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Powell dismissed stagflation. Will Biden ever get credit?
Stagflation concerns have been looming in markets, but Federal Reserve Chair Jerome Powell brushed them aside during his latest press conference. In the face of a weaker-than-expected jobs report and persistent inflation worries, Yahoo Finance's Rick Newman analyzes what this means for President Joe Biden's administration. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- Yahoo Finance Video
April jobs data, US dollar, seasonality: Trading Takeaways
Stocks (^DJI, ^IXIC, ^GSPC) shot up in Friday's session, coming off of April's cooler-than-anticipated jobs report. The US economy added 175,000 new jobs, falling below expectations as the unemployment rate rose to 3.9%. April was an especially tough month for the market, damping the momentum from 2024's first quarter. Yahoo Finance Senior Markets Reporter Jared Blikre joins Market Domination Overtime to break down the sectors that are trading higher following lackluster job growth and rising weaknesses within the US dollar. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Yahoo Finance
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
