From Investing.com: 2024-04-05 16:04:48

The S&P 500 ended a two-week winning streak despite a strong rally on Friday after a stronger-than-expected jobs report. The nonfarm payrolls increased by 303,000 jobs in March, with the unemployment rate falling to 3.8%. Wage growth remained steady, easing concerns about inflation. Morgan Stanley predicts a June rate cut despite lower odds. Apple announced layoffs in California, while Tesla reduced the price of its Model Y SUV. Energy stocks rose as oil prices hit a five-month high due to escalating tensions in the Middle East between Iran and Israel. Johnson & Johnson announced a $13.1 billion deal to acquire Shockwave Medical. Alphabet is considering a bid for HubSpot.



Read more at Investing.com: S&P 500 jumps, but ends week in red as June Fed rate cut fades By Investing.com