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World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week. Following a sluggish open, the major U.S. indices pulled higher with the Dow industrials rising for a seventh straight session.
Mixed economic messages are sending gold investors elsewhere after dip in spot price.
World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week. After a sluggish open on Wall Street, the major U.S. indices pulled higher, new signs of a softening labor market provided hope the Federal Reserve to could cut interest rates not only once this year but twice. U.S. initial claims for state unemployment benefits increased more than expected by 22,000 to a seasonally adjusted 231,000 for the week ended May 4, the Labor Department said.
Swiss National Bank (SNB) might engage in a prolonged monetary easing cycle due to the unexpected slowdown in Switzerland's inflation and the strength of the Swiss franc, as per a...
Joining Market Domination Overtime, Yahoo Finance Markets Reporter Josh Schafer dissects the day's top trading highlights. The weekly jobless claims data, released on Thursday, soared to its highest level since August 2023, with an addition of 20,000 jobs lost in a single week. The utilities sector (XLU) continues to thrive, propelled by increased investments in energy solutions fueled by artificial intelligence. Additionally, the Dow Jones Industrial Average (^DJI) extended its rally, marking its seventh consecutive day of gains. Amgen (AMGN) emerged as a standout performer, contributing significantly to the index's upward trajectory. 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 Angel Smith
Arm Holdings (ARM) stock slides further after the chip designer's fiscal full-year guidance for 2025 disappointed investors, begging the question of whether Big Tech's demand for AI semiconductors is starting to lessen. After missing earnings expectations, Warner Bros. Discovery (WBD) and Disney (DIS) announced a partnership to bundle several of its streaming platforms. Other trending stocks that Yahoo Finance is focusing on include Airbnb (ABNB), Robinhood Markets (HOOD), and the dating app Bumble (BMBL). Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance's Morning Brief to share his thoughts on why the Federal Reserve should raise its inflation rate target and give itself the green light to start cutting interest rates. This post was written by Luke Carberry Mogan.
The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) declared its second quarter 2024 distribution of $0.34117 on Wednesday, May 8, 2024. The dividend is payable on May 14, 2024 to shareholders of record on May 10, 2024.
Investing,com - The US dollar has stabilized after a sharp fall in August, but Bank of America Securities sees more troubles ahead for the US currency. At 07:20 ET (11:20 GMT), the...
- The US dollar has had a difficult summer, dropping substantially during the month of August, but JPMorgan thinks those predicting the demise of the U.S. currency...
Coming out of a disorderly April for markets, the utilities sector (XLU) is now outperforming the S&P 500 (^GSPC). Yahoo Finance Markets Reporter Josh Schafer joins the Morning Brief to give his take on the rally appearing in utilities and the consumer staples sector (XLP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
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