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Need to Know: An 'above-average growth story' is about to unfold. 3 stocks to play it from a top-performing fund manager. mrtopstep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mrtopstep.com Daily Mail and Mail on Sunday newspapers.
Wall St rises as jobs report calms inflation worries By Medha Singh and Shashank Nayar Reuters (Reuters) - U.S. stocks rose on Friday, with technology shares leading the way, as weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy. The Labor Department s closely watched report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy, following an unexpected slowdown in the labor market in April. Economists polled by Reuters had forecast 650,000 new jobs in May. The jobs data has helped calm investor nerves about inflation fears, said Josh Wein, portfolio manager at Hennessy Funds. ....
US job growth picks up in May; unemployment rate falls to 5.8 per cent an hour ago Coleen Piteo, Director of marketing at Yours Truly restaurant, puts out a sign for hiring on Thursday in Chagrin Falls, Ohio. Associated Press US employers boosted hiring in May as the easing pandemic, helped by vaccinations, pulled more people back into the labour force, offering assurance that the economy’s recovery from the COVID-19 recession remained on track. Nonfarm payrolls increased by 559,000 jobs last month, the labour Department said in its closely watched employment report on Friday. Data for April was revised slightly higher to show payrolls rising by 278,000 jobs instead of 266,000 as previously reported. ....
Wall St rises as jobs report calms inflation worries streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The Dow and the S&P 500 pulled back slightly on Tuesday after a six-day run, with investors closely tracking progress in passing a proposed $1.9 trillion stimulus plan. The tech-heavy Nasdaq, on the other hand, hit an all-time high for the fifth consecutive session, supported by gains in Apple Inc and Netflix Inc. Largely upbeat corporate earnings so far along with monetary and fiscal support have powered the major U.S. stock indexes to record highs but analysts have cautioned against risks from new coronavirus variants and any glitches in vaccine rollouts. ....