DIA News and Press, SPDR Dow Jones Industrial Average From 06/07/24

2024-06-07 15:30:41 ET Summary While the labor market has weakened, it appears we have reached full employment versus over employment. The job creation trend has slowed, with job openings outpacing number of unemployed at a three-year low. Despite full employment, wage growth ...

2024-06-07 14:21:40 ET Summary The Fed is likely to signal less than 3 cuts in 2024, possibly no cuts at all, which is a hawkish turn and signals a "higher-until-recession" policy. The Fed is also likely to increase the projected unemployment rate and inflation figures for 2024. ...

2024-06-07 13:48:32 ET Summary Nonfarm Payrolls in May exceeded expectations, growing by 272,000 jobs and surprising economists. The strong payroll and hourly earnings data may temper hopes for Fed rate cuts and raise concerns about inflation. Certain details in the report rai...

2024-06-07 09:50:46 ET Summary Job growth in May surged past expectations, according to the Labor Department's monthly release. Gains were broad-based, with multiple sectors reporting growth exceeding their monthly averages over the last twelve months. The unemployment rate hi...

2024-06-07 09:50:45 ET Citi Research spotlighted on Friday that the investment community was overall net buyers of fund assets for the week that ended on June 5, as exchange traded funds observed a positive week of inflows.... Read the full article on Seeking Alpha For further d...

2024-06-07 09:45:00 ET Summary 272,000 jobs were created in May, exceeding expectations of 180,000. The Unemployment rate rose to 4% from 3.9% - the highest since early 2022. Wage growth increased by 0.4% sequentially, reaching a 4.1% year-on-year increase, both above estimate...

2024-06-06 11:53:57 ET Summary Nvidia Corporation stock is responsible for over 40% of the gains in the Nasdaq 100, creating distortions in market indexes and ETFs. The wide gaps in performance between market cap-weighted indexes and equal-weight indexes highlight the influence of...

2024-06-04 11:13:37 ET Summary The market continues to be near recent highs despite a slight recent pullback in equities. However, the Federal Reserve's most aggressive monetary stance since the days of Paul Volcker seems to be finally impacting the economy significantly. In t...

2024-06-04 09:44:15 ET Goldman Sachs said Tuesday that it believes developed economies around the world should see a lowering of core inflation over the coming months, which should provide central bank officials the confidence needed to start lowering interest rates.... Read the full ...

2024-06-04 07:00:00 ET Summary My prediction for May payrolls is 150K, below the consensus expectations of 190K, with an uptick in the unemployment rate to 4%. The weakening labor market, together with other weaker economic data, is pointing towards a recession. Thus, the S&am...