Saturday, 28 March, 2020

Wall Street closes with new records despite jobs report

A strong reading on US private jobs creation sent Wall Street's three main indexes to record highs helping fan a rally in Asia and Europe A strong reading on US private jobs creation sent Wall Street's three main indexes to record highs helping fan a rally in Asia and Europe
Debra Rodriguez | 03 June, 2017, 01:35

Job gains are slowing as the labor market nears full employment."It's not really an outlier just a little bit disappointing based on consensus expectations which were maybe a little bit high", said Sameer Samana, global quantitative analyst at Wells Fargo Investment Institute in St. Louis."Almost all the numbers when compared to the six and twelve month moving averages, are very much in line with continued improvement in the economy and the labor market". Data from the Labor Department showed that the US economy added 138,000 jobs last month, signficantly below the 185,000 projected in a MarketWatch survey. "Since then, the S&P 500 is up about 400 points", Antonelli said.

The S&P 500 index hit an intraday record at 2,433.33, and was recently trading 2 points, or 0.1% higher at 2,432.

Nine of the 11 major S&P sectors were higher, with the industrials index's 0.35% rise leading the advancers. Both April and March figures were reduced: April's was cut to 174,000 from 211,000, while March was revised to 50,000 from 79,000. They expect the unemployment rate to remain at 4.4%.

Economists had expected around 180,000 jobs to have been created last month. Average hourly wages increased 0.2% to $26.22, in-line with estimates. The report comes ahead of the Federal Reserve's June meeting, where it is expected to raise interest rates. Fed fund futures are pricing in a 93.% probability of a rate hike this month, according to the CME FedWatch tool (http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html).

The Russell 2000 is up 38.93 points, or 2.9 percent.

German-Asian ties no snub to US: Angela Merkel
The era in which we could fully rely on others is over to some extent. Merkel, among other European leaders, was sharply critical of U.S.

Energy blue-chips Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) fell 1.5% and 1.1%, respectively, after President Trump withdrew the United States from the Paris climate accord. The Nikkei 225 index closed above the key 20,000 level, adding 1.6% as the Japanese yen eased against the dollar.

Plus, Lululemon stock swings higher; the Apple supplier headed to new highs; and the retail stock slumping to new lows.

Hovnanian Enterprises (HOV) and ReneSola (SOL) will report earnings.

The retailer put in a strong finish to its financial; year, with the fourth quarter seeing a 22% year-on-year increase in revenue.

Recommended

  • Fired FBI director James Comey set to testify June 8 on Russia

    Ed Markey, a Democrat on the Senate Foreign Relations Committee, told CNN: "Nunes is too close to the Trump White House". However, there is speculation that the president might invoke executive privilege to prevent Mr Comey from testifying.

    Trump attacks Germany in furious tweets

    The Prime Minister praised Merkel's "strong leadership" and said a EU-focused vision is what the world needed. Merkel said "days when Europe could completely count on others are over to a certain extent".

    China vows to adhere to Paris climate deal

    Speaking in Berlin about the Paris climate change accord, he said that "China in recent years has stayed true to its commitment". What's an even bigger deal is, if the USA chooses to leave, America would join Syria and Nicaragua as the only non-participants.
  • Juventus 1/1 to win against Real Madrid in Saturday's Champions League final

    Juventus 1/1 to win against Real Madrid in Saturday's Champions League final

    Last year, he scored in regulation and converted a penalty kick in the shootout won by Madrid, also against Atletico. Gonzalo Higuain scored two goals in the first leg, as many as in his 24 previous Champions League knockout games.
    US State Department summons Turkish Ambassador

    US State Department summons Turkish Ambassador

    The aide said two members of Erdogan's security detail were detained on the scene Tuesday by diplomatic security agents. Kheirabadi said he is a Kurd who passed through Turkey as a refugee and is now a US citizen.

    LeBron James unveils his plans to eventually own an National Basketball Association team

    Then, the Nerdlucks possessed James Harden's talent, and Houston choked horrifically, losing Game 6 by 39 points at home. James, Irving, and Love helped Cleveland turn around their fortunes to become one of the best teams in the East again.
  • Hot Weekend Weather on the Way

    Hot Weekend Weather on the Way

    The weather should be mostly dry during the morning hours with rain and thunderstorms developing during the afternoon/evening. So if you are thinking of trying to plan outdoor activities this weekend, Saturday looks to be the day to set them up.

    Comey set to testify June 8 on Russia

    The Russian government has flatly denied the claim , which the FBI, CIA and NSA endorsed in January. Putin's comments during a June 1 meeting with senior editors of worldwide news agencies in St.
    Camila Cabello Is the Face of Guess's Fall 2017 Campaign

    Camila Cabello Is the Face of Guess's Fall 2017 Campaign

    But creating new music became the one thing that pulled Cabello out of the darkness: "Music just became my saviour", she adds. The "Crying in the Club" singer is the face of the GUESS Jeans Fall 2017 campaign alongside model Alex Dellisola .
  • Ronaldo back to break new ground at Champions League final

    Ronaldo back to break new ground at Champions League final

    Juventus is known for its sturdy defense, but it will be supported by a formidable attacking unit led by Paulo Dybala . The match will be played under a roof for the first time because of fears of a drone attack.

    Guentzel shines again as Pens surge to Game Two win

    His goal 10 seconds into the third period went down as the game victor , which gives him five during this playoff run. Guentzel scored on a rebound 10 seconds into the third off the pad of Predators goaltender Pekka Rinne.

    Social media rushes to define Trump's 'covfefe' tweet

    The notion of world leaders calling each other up via cellphone may seem unremarkable in the modern, mobile world. It was unclear whether an impromptu, informal call with a foreign leader would be logged and archived.

Lions will 'struggle' against All Blacks, says Eddie Jones That's one of the things that will bring you together. there's been a fair amount of it, to be fair, and I hope it will be good". The crucial thing, however, is drawing the correct lessons from a defeat. "I would like a 3-0, but maybe 2-1 to New Zealand ".

Nintendo Details Switch Online Service, Plans to Launch in 2018 The app can be used to chat with your other Switch-owning friends, invite them to play a game online, and set "play appointments". Subscribers will get to download a compilation of classic titles with added online play, such as Super Mario Bros.

O'Neill feels Mexico defeat was 'excellent preparation' for Ireland O'Neill feels Mexico defeat was 'excellent preparation' for Ireland Mexico ended their preparation ahead of their World Cup Qualifiers against Honduras and the United States by defeating the Republic of Ireland 3-1 on Thursday.

LG's Payment Platform LG Pay Debuts in South Korea LG's Payment Platform LG Pay Debuts in South Korea Called LG Pay , it is only available in South Korea for now and is making its way to G6 devices via a software update. The primary focus of the service - like rival offerings from Apple , Samsung and Google - is offline point-of-sale.

Kylie Jenner Shares Sexy Lingerie Photo From Bed Kylie Jenner Shares Sexy Lingerie Photo From Bed In early May, Kylie joined Scott at the Rolling Loud Festival in Florida, where the rapper hit the stage for the music event. Now, her new obsession with the butterfly emoji is linked to her blossoming romance with the rapper Travis Scott .

White House says Trump, Merkel 'get along very well' White House says Trump, Merkel 'get along very well' She recalled that the clause had only been triggered once, after the 9/11 attacks against the United States. Spicer asserted that Trump views not just Germany, but the rest of Europe, as an important American allies.

US Media Reports of No Evidence of Kushner, Trump Campaign Misdeeds The second meeting between Flynn and Kislyak took place in December, but it wasn't the only time that Kushner met with a powerful Russian during the transition.

J&K: 2 militants killed in encounter with security forces J&K: 2 militants killed in encounter with security forces Aijaz along with his associate Basharat Ahmed Shiekh were kiiled in a gunfight at Nathipora area in Sopore outskirts on Thursday morning.

Kumble unlikely to continue as India's coach In England, BCCI's acting secretary Amitabh Chaudhary rubbished the suggestion of a rift between Kohli and Kumble. He then added: "The way the cricket set-up works in India is the coach is not the king".

Griezmann tells Atletico he wants to leave Griezmann tells Atletico he wants to leave Griezmann, though, took to social media on Friday evening to reject those stories while admitting his future was uncertain. Atletico Madrid president Enrique Cerezo hinted star forward Antoine Griezmann would remain at the LaLiga club next season.

May, Corbyn clash over Brexit plans with UK vote a week away May, Corbyn clash over Brexit plans with UK vote a week away She said the government had had to ensure Britain was "living within our means" given "the economic situation we had inherited". Corbyn has now cancelled planned appearances at stump events in Swindon and Stroud, and a rally in Bristol.

Charges dropped for Preds fan who threw catfish on ice in Pittsburgh Charges dropped for Preds fan who threw catfish on ice in Pittsburgh He was much, much better in Game 2 with an assist and four shots, but still hasn't solved Rinne. "But that's not our hockey club". Boston, in 2011, was the last team to come back from a 2-0 deficit in the Final, rallying to defeat Vancouver in seven games.

Trump lashes out at leaks, considers staff upheaval He was interviewed by the Federal Bureau of Investigation in January about his contacts with Kislyak. In a statement given to the New York Times , Mr Trump praised the "great job" Mr Kushner is doing.

Kelly Barnhill allows three hits as Florida shuts out Texas A&M Kelly Barnhill allows three hits as Florida shuts out Texas A&M This being the first trip to the WCWS for everyone on the Washington roster, playing OR may actually be a blessing. I know we're somewhat known here with some tradition in our program, but it's really tough to get here.

Browns trade LB Demario Davis to Jets for DB Calvin Pryor Browns trade LB Demario Davis to Jets for DB Calvin Pryor If you would like to receive an email each time a new New York Jets article is published , fill out our email notification form . So it remains to be seen who'll receive snaps at linebacker alongside Collins and Kirksey when the Browns feature three of them.