Wall Street indexes rise after strong jobs data

Wall Street indexes rise after strong jobs data

NEW YORK: U.S. stocks finished higher on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates. All major S&P 500 sectors advanced, with communication services, industrials and technology the top gainers. U.S. Labor Department data showed employers hired … Read more

Wall Street drops with tech-related shares, investors assess rate outlook

Wall Street drops with tech-related shares, investors assess rate outlook

NEW YORK: U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Traders have reined in bets of a June rate cut by the Fed after this week’s hotter-than-expected inflation data. Shares of Adobe dropped 13.7%, … Read more