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S&P 500 Hits Record High as NFP Beats, Didi May Weigh on Tech Sentiment


S&P 500 Hits Record High as NFP Beats, Didi May Weigh on Tech Sentiment
S&P 500, HANG SENG INDEX, ASX 200 OUTLOOK:
The US nonfarm payrolls data came in at 850k, beating expectations by a wide margin
APAC markets are positioned to open mixed on Monday. US market is shut on Monday
Nonfarm Payrolls, Tech Rally, Yields Fall, Didi, Asia-Pacific Week-Ahead:
The S&P 500 index hit an all-time high on Friday following strong nonfarm payrolls data. Hiring accelerated in June as labor market supply constraints eased. 850k new jobs added, marking the highest reading in 10 months. May’s figure was also revised up to 583k from 559k. An upbeat payrolls figure strengthened the prospects for the US economic recovery, boosting market sentiment. ....

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