24 Hrs
Source:
الاقتصادية
S&P hits record high amid rate hike concerns
The U.S. stock markets rose on Friday, with the S&P 500 closing at a record high, wrapping up a strong week of gains. This comes after data showed that the U.S. labor market lost 23,000 jobs last month, which was less than the expected increase of 80,000 jobs. The likelihood of the Federal Reserve raising interest rates decreased to about 44% from 55%, helping to support the market. The major indices recorded their biggest weekly gains since April, with the S&P 500 rising by 0.60%, the Nasdaq by 1.29%, and the Dow Jones by 0.28%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)