Friday brought dovish signals for the Fed as the April NFP figure surprised to the downside (+175k, cons: +243k), while data for average hourly earnings and average weekly hours showed that growth in the total wage sum paid to workers stalled in April. Bonds continued their rally and the dollar lost steam, with the 10Y treasury down 15bp and DXY (broad dollar index) 1.2% weaker since Wednesday's FOMC meeting. Oil prices also settled lower (Brent: 82.96 USD/bbl) on concerns of weaker demand, extending losses to 7% for the week.
Nasdaq, S&P 500 finish session strong ahead of Palantir earnings proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
S&P 500 strengthened by oil price gains; Dow strong ahead of Palantir earnings proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Banks are seeing a slide in demand for loans at the same time that they’re tightening lending standards. And the pressures, as noted in the most recent…