08 Jūl 7 percent chance of a quarter point hike
Wall St shrugs off jobs report to hit records as tech leads
stocks advanced to record levels for a second straight session on Friday as a lukewarm jobs report was offset by gains in canada goose industrial and technology stocks.
Nonfarm payrolls increased by 138,000 in May, well short of the 185,000 expected by Canada Goose Outlet economists. The prior two months were revised lower by 66,000 jobs than previously reported.
Average hourly earnings rose 0.2 percent in canada goose uk outlet May, following a similar gain in April, but the unemployment rate canada goose uk shop fell to a 16 year low of 4.3 percent.
Despite the disappointing data, market canada goose black friday sale participants still largely anticipate the Federal Reserve to raise rates at its June 13 14 meeting https://www.gestiontb.ca, with traders expecting a cheap Canada Goose 90.7 percent chance of a quarter point hike, according to Thomson Reuters data.
wouldn say the data is supportive of hiking but they are on a path and they are not going to change that path, at least in June, said Jim Tierney, Chief Investment Officer of Concentrated US Growth at AllianceBernstein in New York.
are at an all time high and to a degree stocks canada goose clearance sale are ignoring some of the short term data points.
The modest increase, however, could raise concerns about the economy health after gross uk canada goose outlet domestic product growth slowed in the first canada goose factory sale quarter and a string of softening data this week, including reports on housing and auto sales.
The Canada Goose Jackets economy needs to create 75,000 to 100,000 jobs per month to keep up canada goose store with growth canada goose uk black friday in Canada Goose Online the working age population. Job gains are slowing as the labor market nears full employment.
The Dow Jones Industrial Average rose 76.58 points, or canada goose coats on sale 0.36 percent, to 21,220.76, the S 500 gained 9.05 canada goose clearance points, or 0.37 percent, to 2,439.11 and the Nasdaq Canada Goose online Composite added 56.11 points canada goose outlet, or 0.9 percent, to 6,302.94.
Industrials, up 0.87 percent, buy canada goose jacket and technology, up 0.92 percent, were the best performing sectors. The Canada Goose Coats On Sale tech sector has been the top performer among the major S sectors, with a 2017 gain of 21.13 percent.
The tech sector was buy canada goose jacket cheap led by cheap canada goose uk Broadcom, which rose more than 8 percent to hit an all time high of $253.76, after the chipmaker quarterly results beat analysts expectations.
Shares of financials, which benefit from higher interest rates, fell as much as 0.9 percent after the Canada Goose sale jobs data raised concerns the Fed could become cautious after the canadian goose jacket June meeting, before recovering to trade flat.
Energy was the worst performing sector, down 1.29 percent as Brent oil tumbled below $50 a barrel, on worries that canada goose coats President Donald Trump decision Canada Goose Parka to abandon a climate pact could spark more crude drilling in the United States and worsen a global glut.
Lululemon Athletica jumped 12.4 percent to $54.70 after the athletic apparel maker quarterly profit beat estimates.
Advancing issues outnumbered declining ones uk canada goose on the NYSE by a 1.48 to 1 ratio; on Nasdaq, a 2.33 to 1 ratio favored advancers.
The S 500 posted 28 new 52 week highs and 11 new lows; the Nasdaq Composite recorded 82 new highs and 70 new lows. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski).