From Yahoo Finance: 2024-06-03 22:44:38

The stock market faces a critical test this week with the release of the May jobs report. Bank of America anticipates 125,000-175,000 new jobs added would be ideal, influencing stock prices and possible interest rate cuts. A report below 125,000 could trigger recession fears, while an increase above 200,000 would signal stronger economic growth than expected. Investors eagerly await Friday’s nonfarm payroll report to gauge the state of the economy and potential market impacts. It remains to be seen how the job numbers will shape the stock market’s trajectory in the coming days.



Read more at Yahoo Finance: Bank of America lays out the perfect scenario for stocks to rally after the May jobs report