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05 May 2023

Stocks rally as jobs data shows US labor market remains strong, regional banks recover| May 5, 2023

Stocks rally as jobs data shows US labor market remains strong, regional banks recover| May 5, 2023#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto U.S. stocks rallied on Friday as investors digested the Labor Department’s closely watched April jobs report, which showed the U.S. labor market remains strong but that growth is moderating. That gave investors hope that the Fed may pause its interest rate hikes at its meeting next month. The economic data caps off a busy week for investors, which saw the Federal Reserve once again raise interest rates by another 0.25% as key earnings from companies like Apple (AAPL), Starbucks, (SBUX) and Ford (F) came in mostly positive for the quarter. The S&P 500 (^GSPC) climbed 1.45% in afternoon trading, while the Dow Jones Industrial Average (^DJI) adde

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