From Investing.com: 2024-04-04 16:07:45

U.S. stocks closed lower as Fed officials expressed caution on rate cuts and investors awaited the jobs report. President Biden called for a ceasefire in Gaza conflict, sending oil prices higher. Fed officials hinted at potential rate cuts, sparking market uncertainty. Jobless claims data initially boosted hopes before stocks fell on Fed comments.

Stocks tumble as Fed officials hint at cautious rate cut approach and investors await jobs report. President Biden calls for ceasefire in Gaza, raising geopolitical tensions. Fed officials suggest possible rate cuts amidst uncertain economic outlook. Initial jobless claims data boosts hope, but market sentiment remains uncertain. Levi Strauss shares rise on improved profit forecast.

Investors brace for jobs report following cautious Fed comments and Biden’s call for ceasefire in Gaza. Fed officials hint at possible rate cuts amidst economic uncertainty. Jobless claims data initially lifted market sentiment before stocks closed lower. Levi Strauss shares jump on raised profit forecast due to cost-cutting measures. FedWatch tool predicts 60% chance of rate cut in June.



Read more at Investing.com: Wall Street ends sharply lower ahead of jobs report; investors digest Fed comments By Reuters