Stocks Set New Highs on Jobs Report, Rate Cut Hope - Listen -

Stocks Set New Highs on Jobs Report, Rate Cut Hope

Listen now

Description

Wall Street closed at all-time highs after relatively weak jobs data sent yields down on hopes of rate cuts. Inflation data, Powell testimony, and big bank earnings are next week.

More Episodes

See all »

Jobs Data Lift Stocks, But Big Rate Cut Hopes Dim

Stocks soared on monster September jobs growth, though the same data sent odds of a 50-basis point rate cut next month to zero in futures trading. Inflation data ahead next week.

Published 10/04/24

Schwab Market Update Audio

Published 10/04/24

Stocks Lower on Mideast Crisis

Conflict in the Middle East and potential concerns about the port strike are weighing on markets ahead of key payrolls report.

Published 10/03/24