Tajuk : STOCKS HIT RECORD HIGHS: Here’s what you need to know
link : STOCKS HIT RECORD HIGHS: Here’s what you need to know
STOCKS HIT RECORD HIGHS: Here’s what you need to know
Stocks continued their upwards trek on Friday, even following a somewhat disappointing jobs report.
All three indices finished at record highs.
First up, the scoreboard:
- Dow: 21,195.40, +51.22, (+0.24%)
- S&P 500: 2,437.62, +7.56, (+0.31%)
- Nasdaq: 6,302.33, +56.96, (+0.91%)
- US 10-year yield: 2.150%, -0.067
- WTI crude oil: $47.78, -0.58, -1.20%
1. The jobs report missed big, and the unemployment rate fell to a 16-year low. The economy added 138,000 nonfarm payrolls, while the unemployment rate fell to 4.3%, the Bureau of Labor Statistics said Friday in its monthly report.
2. Moreover, labor force participation fell to 62.7% from 62.9% in April. And wage growth held steady, growing 2.5% from the previous year, falling below economists’ expectations of 2.6% and matching the 2.5% rate in April.
3. Looking under the hood of the data, it’s notable that retail keeps bleeding jobs. Retail trade lost 6,100 jobs overall, with the bulk of the losses coming from department stores, “other general merchandise” stores, and food and beverage stores. The number of workers in general merchandise stores who have lost their jobs since October is greater than the entire number of people employed in the US coal industry.
4. The US oil-rig count rose for the 20th straight week, Baker Hughes said. The oil-rig count rose by 11 to 733, the biggest jump in seven weeks, Baker Hughes’ weekly report showed. The count of gas rigs fell by three to 182. The count of miscellaneous rigs was unchanged at two, taking the total rig count up by eight to 916.
5. Restoration Hardware crashed 26% after a disappointing forecast for the second quarter. The high-end furniture retailer said on Thursday that it estimated second-quarter adjusted earnings per share in a range of $0.38 to $0.43, below the range of $0.53 to $0.75 that analysts had estimated according to Bloomberg.
6. Lululemon surges after beating on earnings and announcing store closures for its kids’ line. Ivivva, the activewear brand for girls, will become a primarily online business as 40 of the 55 stores close, Lululemon said in its earnings statement on Thursday.
ADDITIONALLY:
Trump’s chief economic adviser just made an embarrassing admission.
Gary Cohn denies he wants Janet Yellen’s job.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qJgTBo
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Thus Article STOCKS HIT RECORD HIGHS: Here’s what you need to know
Anda sedang baca artikel STOCKS HIT RECORD HIGHS: Here’s what you need to know dengan alamat pautan https://johorbaharunews.blogspot.com/2017/06/stocks-hit-record-highs-heres-what-you.html
Related Posts :
ECB stays on hold in June and effectively rules out further rate cuts- JPMorgan is heading to Vegas
- Facebook has quietly stopped offering flag profile picture filters after terrorist attacks
- An Australian airport wants to hire a ‘brick artist’ to build Lego all day
- ‘This is not how a President of the United States behaves’: Top senator calls Comey testimony ‘disturbing’
0 Response to "STOCKS HIT RECORD HIGHS: Here’s what you need to know"
Catat Ulasan