Dovish Fed, 'Goldilocks' jobs report helps S&P 500 notch back-to-back weekly gains
https://seekingalpha.com/news/4099986-dovish-fed-goldilocks-jobs-report-helps-sp-500-notch-back-to-back-weekly-gains?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news
May 03, 2024 - The S&P 500 (SP500) on Friday climbed 0.55% for the week to end at 5,127.79 points, posting gains in three out of five sessions. Read more here.
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Jobs Data, Apple Earnings Contribute To Extended Rally On Wall Street
https://www.rttnews.com/story.aspx?Id=3444884
May 03, 2024 - Following the rally seen over the course of Thursday's session, stocks showed another strong move to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge.
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Jobless rates rise in April for all racial groups except Black Americans
https://www.cnbc.com/2024/05/03/jobless-rates-rise-in-april-for-all-race-groups-except-black-americans.html
May 03, 2024 - The unemployment rate for Black Americans slid in April, bucking the trend in other demographic groups.
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Barclays (BCS) Initiates Job Cuts Across IB & Research Units
https://www.zacks.com/stock/news/2268095/barclays-bcs-initiates-job-cuts-across-ib-research-units?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2268095
May 03, 2024 - Barclays (BCS) begins to implement job cuts across IB and research division as part of its 2 billion euros cost-cutting efforts to enhance profitability.
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U.S. Stocks Extending Yesterday's Rally Following Jobs Data, Apple Earnings
https://www.rttnews.com/story.aspx?Id=3444856
May 03, 2024 - Stocks have moved sharply higher during trading on Friday, extending the strong upward move seen over the course of the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the charge. The extended rally on Wall Street comes following the release of a closely watched Labor Department showing employment in the U.S. increased by less than expected.
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Restaurant industry jobs growth slows in April as unemployment rate rises
https://www.nrn.com/consumer-trends/restaurant-industry-jobs-growth-slows-april-unemployment-rate-rises
May 03, 2024 - Jobless rate at 3.9% and foodservice gains 6,600 jobs in April, Bureau of Labor Statistics reports
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Pre-Markets Blossom on Goldilocks Jobs Data
https://www.zacks.com/stock/news/2268039/pre-markets-blossom-on-goldilocks-jobs-data?cid=CS-ZC-FT-ahead_of_wall_street-2268039
May 03, 2024 - 175K new jobs and +0.2% wage growth are both lower than expected but still clearly positive.
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U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html
May 03, 2024 - Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.
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U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher
https://www.rttnews.com/3444837/u-s-job-growth-falls-short-of-estimates-in-april-unemployment-rate-ticks-higher.aspx?type=alleco
May 03, 2024 - After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised 315,000 jobs in March.
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Jobs Data, Apple Earnings May Lead To Extended Rally On Wall Street
https://www.rttnews.com/story.aspx?Id=3444820
May 03, 2024 - The major U.S. index futures are currently pointing to a sharply higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session.
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