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Stocks Soared and Treasury Yields Edged Up After Payrolls and Labor Market Expanded

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Transcripts for MSNBC Way Too Early With Jonathan Lemire 20240604 10:39:00

all right. time now for business, and for that, let s bring in cnbc s julianna tatelbaum live from london. julianna, thanks for joining us. the producer price index was released yesterday. how did the real number, compared to expectations, were investors happy? are we done with inflation? well, that certainly is a difficult question to answer yet. but as for producer prices, the data we got yesterday added to signals that inflation pressures could be easing, providing support to market sentiment. so, yesterday, we saw u.s. markets rally. the nasdaq in particular. the tech-heavy index being 1.5% outperforming the broader market. and today, u.s. futures point to continued gains. investors are going to be keeping an eye out for more

Fuller Treacy Comment of the Day - US Job Openings Post Surprise Increase, Keeping Pressure on Fed, and more

Transcripts for BBCNEWS World Business Report 20240604 04:39:00

in some ways for you surprised to see the sell off on wall street, saying is, sell on the river and buy on the news. sell on the room and by on the news. ~ ., news. we have said when we get a rate hike news. we have said when we get a rate hike from news. we have said when we get a rate hike from a news. we have said when we get a rate hike from a major- a rate hike from a major central bank have seen markets rally, there was quite a bit of positive sentiment that the markets in the yesterday session ahead of that decision, what we can take from market reaction as there was a lot of volatility, we saw the volatility, we saw the volatility index sometimes known as the wall street fear gauge rallying by 3% and equity swinging between gains and losses and they ultimately closed considerably lower, it was technology heavy interest rate sensitive nasdaq at the hardest, down by i.8%. there is a tug of war going on, because on the one hand, we know interest rate increases are require

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