FXE - Asia Gains France Drags Europe Markets Lower Dollar Advances - Global Markets Today While US Slept | Benzinga
On Friday, June 7th, the U.S. stock markets ended the day lower after a volatile trading session. Stronger-than-anticipated U.S. job figures signaled a robust economy, leading to worries that the Federal Reserve may postpone interest rate cuts, contrary to investor expectations.
According to the economic data, May’s U.S. nonfarm payrolls climbed to 272,000, exceeding the expected 180,000 and surpassing April’s 165,000. The unemployment rate rose slightly to 4%, and average hourly earnings increased year-over-year by 4.1%, above the forecasted 3.9%.
The S&P 500 closed slightly lower, dragged down by utilities, materials, and communication services, while financials and technology sectors outperformed.
The Dow Jones Industrial Average was down 0.22% and closed ...