From Kitco: 2024-06-07 15:52:38

Global stocks approached an all-time high despite strong U.S. job growth, dampening hopes for a Fed rate cut. The U.S. added 272,000 jobs, surpassing expectations of 185,000. The S&P 500 and Nasdaq hit record highs, while the 10-year Treasury yield jumped 14 basis points. Dollar rose, gold fell, and European stocks were lackluster.



Read more at Kitco: Stocks peak, Treasuries flail as US rate cut hopes wither