From Investing.com: 2024-04-04 05:30:00

Stocks bounced higher on Wednesday, boosted by reassuring comments from Fed Chairman Powell and weaker economic data. Despite a stronger ADP employment report, the market focused on the decrease in the ISM services PMI and the drop in the prices paid subindex, indicating easing inflationary pressures. With tomorrow’s labor market report in focus, uncertainty looms over the short-term outlook. Meanwhile, oil prices rallied due to geopolitical factors and China’s growth prospects, while euro area inflation eased, setting the stage for a potential ECB rate cut announcement in June. Gold surged to a new high above $2,300, while bitcoin faced pressure ahead of a volatile Friday session.



Read more at Investing.com: Equities in the green as they prepare for Friday’s jobs data