S&P 500, Nasdaq 100 Climb To Record Highs As Data Fosters Rate Cut Optimism Ahead Of Fed Minutes; Gold, Bonds Rally: What's Driving Markets Wednesday?

The S&P 500 and Nasdaq 100 indices surged to new all-time highs on Thursday, as investors heightened their expectations for rate cuts following June's sharply lower-than-expected services sector activ

Benzinga01:04

June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes

The U.S. labor market doesn't appear as tight and hot as a couple of months ago, with the June's Employment Situation report likely to show an overall cooling trend from a very strong performance in M

BenzingaJul 3 23:56

US Services Sector Activity Experiences Largest Contraction In Over 4 Years: Gold Rallies, Dollar Tumbles As Traders Raise Rate Cut Bets

Business sentiment in the U.S. services sector plummeted in June, missing economic estimates by a wide margin and indicating that the pace of economic growth slowed down markedly at the end of last qu

BenzingaJul 3 22:35

Are there risks of the US stock market returning to the 1930s?

Richard Bernstein believes that although the current US stock market appears to be full of bubbles and rises highly concentrated in large cap stocks, considering that current corporate profits are accelerating and the banking system is performing well, it is unlikely to trigger another economic crisis.

wallstreetcnJul 3 22:18

US stocks rose slightly in early trading, with the three major indexes up. Tesla rose by nearly 4%, and the second-generation humanoid robot Optimus will make its debut for the first time. US stocks will close early today and will be closed tomorrow.

The US stock market opened mostly flat on Wednesday, with the S&P 500 index closing above 5,500 points for the first time in the previous trading day. The private sector employment in the US increased by only 150,000 in June according to ADP report, lower than expected and indicating a gradual cooling of labor demand. The US stock market will close early today and the trading volume is expected to be light.

環球市場播報Jul 3 22:08

Unexpected decline! ADP added 150,000 jobs in the United States in June, the lowest level in four months.

Services once again became the industry with the most new job openings. In June, the ADP services industry added 136,000 jobs, far exceeding the 14,000 jobs in manufacturing.

wallstreetcnJul 3 20:51