U.S. jobless claims have spiked to 231,000, the highest level in nine months, surpassing the estimated 212,000. This development has led to speculation that the Federal Reserve might cut interest rates sooner than expected. Following this news, Wall Street experienced gains, with the Dow Jones recording its largest weekly gain of the year. Investors are now closely watching for the upcoming release of crucial inflation data for April, which could influence future market movements.
Market Alert | USA: Wall Street indexes posted weekly gains of between 1% - 2% https://t.co/s8HnBV6NpG
Wall Street eked out modest gains, but the Dow Jones notched its largest weekly gain of the year, as investors looked ahead to key inflation data due out next week. Read more: https://t.co/TQYfnZ0IdX https://t.co/yT8jju0xeN
US stocks ended mostly higher and all three indexes posted another weekly advance as investors looked ahead to crucial inflation data for April out next week https://t.co/fmNrNeCE9F https://t.co/XQvLFU3JFy
US stocks ended mostly higher and all three indexes posted another weekly advance as investors looked ahead to crucial inflation data for April out next week. Read more: https://t.co/TQYfnZ0IdX https://t.co/ospEVgchUK
Wall Street eked out modest gains, but the Dow Jones notched its largest weekly gain of the year, as investors looked ahead to key inflation data due out next week https://t.co/fmNrNeCE9F https://t.co/P9GxUTEYLT
Wall Street closes up, another weekly gain ahead of inflation data https://t.co/ZPEbktVIzQ https://t.co/eB5LhawxA8
U.S. stocks end mostly higher as Dow scores best week since December https://t.co/ST8ILEPDBW
Wall Street closed higher after weekly jobless claims data offered fresh hope for interest-rate cuts https://t.co/FYZ6zngeD0 https://t.co/xR8uTO6hdv
Weekly jobless claims data offered fresh evidence of a softening US labor market and renewed hopes that the Federal Reserve will cut interest rates this year. Read more: https://t.co/TAKlZ3AU2b https://t.co/WK57WRFWDa
🚨 BREAKING 🚨 US JOBLESS CLAIMS SPIKES TO ITS HIGHEST LEVEL IN 9 MONTHS JOBLESS CLAIMS: 231,000 EST:212K THIS IS BULLISH FOR THE MARKET, AS IT WILL PUSH THE FED TO DO RATE CUTS EARLY