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The S&P 500 jumped 1.3% on Friday, May 3, 2024, as the latest jobs report showed a cooling labor market, revitalizing hopes for a near-term interest rate cut.
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month. For markets that was a welcome sign
Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing.
Gov. Josh Green followed through on his pledge to sign Senate Bill 2919, clarifying the counties’ authority to regulate short-term rentals. Mayor Richard Bissen has already moved ahead with introducing a bill to phase-out thousands of short-term rentals to open up long-term housing for residents.
BMO Capital Markets lowered shares of Expedia Group (NASDAQ:EXPE – Free Report) from an outperform rating to a market perform rating in a research report released on Friday, MarketBeat.com reports. They currently have $145.00 price objective on the online travel company’s stock, down from their prior price objective of $165.00. Several other research firms also […]