VWO - Asia And Europe Markets Mixed; Crude Oil Drops Below $80 - Global Markets Today While US Slept | Benzinga
On Wednesday, May 1st, the U.S. stock markets closed mixed after the Federal Reserve held interest rates steady and hinted at a possible future rate cut, though it noted that inflation improvements are uncertain.
According to economic data, U.S. private employers added 192,000 jobs in April, exceeding expectations but lower than March’s 208,000. The ISM manufacturing PMI dropped to 49.2, indicating a contraction.
Mortgage applications declined by 2.3%, and job openings decreased to 8.488 million. In contrast, crude oil inventories experienced a significant increase, rising by over 7 million barrels.
Among the 11 key sectors of the S&P 500, energy stocks experienced ...