An unexpectedly strong labor market data reinforced bets of another interest rate hike.
Fearless Girl is seen outside the New York Stock Exchange in New York City, U.S., May 30, 2023. REUTERS/Brendan McDermidNvidia down after Tuesday's record highMay 31 - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve.to lift the $31.4 trillion U.S.
"All signs point to the deal getting done but there's headlines about some Congress people who are against it," said Joe Saluzzi, co-manager of trading at Themis Trading. "Until that deal gets done, there will be a little bit of nervousness."U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Fed Up’ GOP House Rep Tells McCarthy He’s Got to Go“I’m just fed up with the lies, I’m fed up with the lack of courage, the cowardice,” Rep. Dan Bishop (R-NC) fumed.
Read more »
Breakingviews - Saudi is a BRIC in crumbling East-West money wallMiddle East money is the answer to plugging the growing financial gaps created in Asia by Western investment restrictions, or at least that’s the very wishful thinking of the regions’ financiers and governments.
Read more »
WTI retracts from daily high amidst Fed hike concerns, OPEC+ meeting loomsWestern Texas Intermediate (WTI), the US crude oil benchmark, retreats after hitting a daily high of $73.51, tumbles below the $73.00 figure late in t
Read more »
Wall Street sees further upside for Japan stocks as they notch a fresh three-decade highJapan's Topix (Tokyo Price Index) has marked new peaks in the past two weeks, seeing its highest level since July 1990 on Monday.
Read more »
Centralia thrift shop that raises money for nurses forced to close after SUV crashes through wallThe store is run by volunteers and they raise funds for home health and hospice care.
Read more »
Morning Bid: Debt vote in sight, but further Fed squeezeA look at the day ahead in U.S. and global markets from Mike Dolan
Read more »