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Wall Street rises toward the finish of its best week in 2 months
U.S. stocks rose as weaker-than-expected job market data reduced pressure on the Federal Reserve to raise interest rates, with the S&P 500, Dow Jones, and Nasdaq all posting gains. The 57,000-job increase in June was below economists' expectations, easing inflation concerns and boosting investor confidence in lower borrowing costs. Chipmakers like Micron Technology saw partial rebounds after prior declines linked to AI market volatility.
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- Wall Street rises toward the finish of its best week in nearly 2 months after bond yields relax
- Markets fall, as good jobs data indicate no interest rate cuts
- Wall Street opens higher as AI stocks regain some more ground and oil prices ease
- Chip stocks rose on Monday, following last week's selloff
- US stocks rise and recover some of their losses from a rare losing week