Wall Street rallies on jobs data, debt defaults avoided
Nasdaq posts best weekly gains since January 2020Data showed the unemployment rate was 3.7% in May; Wage growth is moderateAmazon has released a statement
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Nasdaq posts best weekly gains since January 2020Data showed the unemployment rate was 3.7% in May; Wage growth is moderateAmazon has released a statement
* Nasdaq posts best weekly winning streak since Jan 2020 * Data shows jobless rate at 3.7% in May; wage growth moderates * Amazon up on report of its talks for low-cost mobile servic... | Jun. 02
US job openings unexpectedly rise in April
Unexpectedly strong labor market data rattled investors who fear the Fed might hike interest rates again in June.
(Reuters) - The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling. | Jun. 01