Strong jobs reports kills prospects of interest rate cut

Wall Street ended the week on a sour note as investors digested a stronger than expected May jobs report  sending stocks lower. The U.S. labor market showed unexpected strength in May as payrolls increased by 172,000, more than economists’ forecasts of $88,000, while...

No Peace Deal in Sight

Wall Street finished the week sharply higher as investors weighed a stronger-than-expected jobs report, upbeat semiconductor earnings, and escalating geopolitical tensions in the Middle East. The Jobs report reflected an increase of 115K jobs in April,...

Trump Delivers TACOs on Tuesday Once Again

Wall Street’s major averages ended the week with the S&P 500 and the Nasdaq hitting new highs as the conflict in the Middle East continued while oil prices rose. On Tuesday, Trump said the U.S. would extend its ceasefire with Iran until a coordinated plan for an...

Inflation hits two year high

Wall Street’s main indexes posted weekly gains this week as investors digested hopes of a ceasefire deal between the U.S. and Israel and Iran’s regime. Meanwhile, oil  dropped to around the $100 a barrel mark. Geopolitical tension remained heightened after Trump...

AI Fatigue

Wall Street closed the trading week lower, as shares of Nvidia came under pressure following its fiscal fourth-quarter results and forward guidance, while a hotter-than-expected Producer Price Index report added to inflation concerns causing the 10-year Treasury yield...