How major US stock indexes fared Friday, 7/5/2024

U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier. The S&P 500 climbed 0.5% to set an all-time high for a third straight day and close its ninth winning week in the last 11. The Dow Jones Industrial Average...

Stock market today: Wall Street's scorching rally sets more records as hopes rise for rate cuts

NEW YORK (AP) — U.S. stocks rose to more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes that interest rates may soon get easier. The S&P 500 climbed 0.5% to set an all-time high for a third straight day following Thursday’s...

Federal Reserve highlights its political independence as presidential campaign heats up

WASHINGTON (AP) — The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed's policymaking in the past, edges closer to formally becoming the Republican nominee for president. On Friday, the Fed...

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

WASHINGTON (AP) — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,000 in May. But it was...

Stock market today: Japan's Nikkei 225 hits new record close, as other world markets advance

BANGKOK (AP) — Japan’s benchmark Nikkei 225 surged Thursday to a record close of 40,913.65, while most other major world markets also advanced. Investors worldwide are keen to see the Federal Reserve cut rates that it has been keeping at two-decade highs to slow growth and tame...

Stock market today: Asian shares are mostly higher after Wall Street hits more records

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after Wall Street’s record-breaking rally powered on. Shares fell in Chinese markets but rose in the rest of the region. U.S. futures were nearly unchanged and oil prices fell. On Wednesday, U.S. stocks...

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%

LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%. ...

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Both trends, if they continued, will likely lead the Fed to cut its...

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

How major US stock indexes fared Wednesday, 7/3/2024

Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year. The Dow Jones Industrial Average slipped 0.1%, and the...