Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
It’s a day of broad-based rallies on Wall Street, with both stocks and commodities showcasing robust performances in the wake of a hotter-than-expected labor market report, seemingly unfazed by growing fears over delays in the Federal Reserve’s rate cut plans.
In March, the U.S. economy added 303,000 new employees, the highest level since May 2023, and well above the expected 200,000, the Bureau of Labor Statistics reported Friday. Yet, annual wage growth eased as expected, partially alleviating inflationary fears.
Traders have adjusted their expectations for a Federal Reserve rate cut in June downwards, with money market pricing currently suggesting nearly a 50-50 probability between a rate cut and maintaining rates steady, according to the CME Group Fed Watch.
The S&P 500 soared 1.3%, rebounding after Thursday’s 1.2% decline. The tech-heavy Nasdaq 100 rallied 1.7%, after losing 1.6% a day earlier, and blue-chip stocks inched 1% higher.
Commodities sustained their upward momentum, with gold notably surpassing new all-time highs, breaching the $2,300 per ounce mark with a 1.7% increase, effortlessly shrugging off pressures from rising Treasury yields.
Crude oil prices tallied their sixth consecutive session of increases, or fourth straight positive week, with the West Texas Intermediate (WTI) climbing to $87 a barrel, marking its highest point since Oct. 23, 2023.
Bitcoin (CRYPTO: BTC) traded 1% lower to $67,800, with the largest cryptocurrency on track for the worst-performing week since early January 2024.
Major Indices & ETFs | Price | 1-day %chg |
Nasdaq 100 | 18,170.17 | 1.6% |
S&P 500 | 5,212.14 | 1.3% |
Dow Jones | 38,963.61 | 1.0% |
Russell 2000 | 2,070.24 | 0.7% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) was 1.2% higher to $518.98, the SPDR Dow Jones Industrial Average (NYSE:DIA) was 0.9% higher to $389.41 and the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) was 1.5% higher to $441.94, according to Benzinga Pro data.
Sector-wise, the Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 1.3%, while the Utilities Select Sector SPDR Fund (NYSE:XLU) was the laggard, flat for the day.
Posted In: $BTC CDE DIA ENPH GE GEV GOLD NEM QQQ SPY XLK XLU