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Summary：U.S. employment data increased the likelihood of a year-end rate cut, pushing stocks higher. JOLTs data shows April job openings fell to a three-year low of 8.059 million.

📰The US employment data released on Tuesday has increased the likelihood of interest rate cuts by the end of the year, pushing US stocks higher on Tuesday. According to #JOLTs data, US job vacancies in April fell to the lowest level in three years, amounting to 8.059 million.

Main Highlights:

US job vacancies in April fell to a three-year low, amounting to 8.059 million.

Market Fluctuations

• The Dow Jones Index rose 0.36% to 38,711.1 points

• The S&P 500 Index rose 0.15% to 5,291 points

• The Nasdaq Index rose 0.17% to 16,857 points

Investors are keenly watching Friday’s non-farm payroll report, which will provide more signals regarding the Federal Reserve's potential rate cuts by the end of the year.

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Written byWilson

Created date:2024-06-05 05:13

Last Updated:2024-06-05 05:34

Wiki

Interest rate cut

A rate cut refers to the central bank adjusting the interest rate level so that it is lower than before, as a form of monetary policy. It is a means by which the central bank affects the supply and demand relationship in the money market, money creation, and the level of interest rates by changing the level of interest rates. Rate cuts are usually used to counter inflation, stimulate economic growth, or alleviate economic downturn pressures.

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