US stocks close higher as data keeps Fed rate cut hopes elevated | REUTERS
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US stocks rose on hopes the Fed will cut rates next week after a wave of economic data, though a drop in Microsoft shares capped gains. Private payrolls fell and services growth was steady as investors weighed the post-shutdown data backlog https://reut.rs/4oujWZZ | Reuters
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The latest economic data delivered a surprisingly strong snapshot of the U.S. labor market. Initial jobless claims dropped to 191,000—down 27,000 from last week and the lowest level since 2022, according to the Department of Labor. To help break down what these trends mean for the economy and whether the Federal Reserve might consider rate cuts next, Alicia Summers spoke with Ed Siddell, CEO and Chief Investment Advisor at EGSI Financial. Watch OAN Live here: https://live.oann.com/home.ktv?utm_s
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The latest economic data delivered a surprisingly strong snapshot of th…
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The latest economic data delivered a surprisingly strong snapshot of the U.S. labor market. Initial jobless claims dropped to 191,000—down 27,000 from last week and the lowest level since 2022, according to the Department of Labor. To help break down what these trends mean for the economy and whether the Federal Reserve might consider rate cuts next, Alicia Summers spoke with Ed Siddell, CEO and Chief Investment Advisor at EGSI Financial. Watch OAN Live here: https://live.oann.com/home.ktv?utm_s
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