Data propel S&P, Nasdaq to record highs; oil steadies
Data propel S&P, Nasdaq to record highs; oil steadies
The May jobs report was a bit of a disappointment
03 June, 2017, 02:13
Job gains are slowing as the labor market nears full employment."It's not really an outlier just a little bit disappointing based on consensus expectations which were maybe a little bit high", said Sameer Samana, global quantitative analyst at Wells Fargo Investment Institute in St. Louis."Almost all the numbers when compared to the six and twelve month moving averages, are very much in line with continued improvement in the economy and the labor market".
The Institute for Supply Management said its barometer of USA factory activity edged up to 54.9 last month from 54.8 in April, while ADP reported private payrolls grew by 253,000 last month, beating analysts' median forecast of a 185,000 increase.
The MSCI world equity index .MIWD00000PUS , which tracks shares in 45 nations, rose 2.41 points or 0.52 percent, to 466.2. The Dow Jones Industrial Average close up 55 points, or 0.3%, to 21,200, adding 0.6% on the week. The Nasdaq Composite gained 1.5% this week after rising 0.9%.
Nonfarm payrolls increased by 138 000 last month, below the 185,000 expected by economists.
Gold prices rose in the wake of the jobs data (http://www.marketwatch.com/story/gold-lower-headed-for-weekly-drop-on-forecasts-for-strong-jobs-tally-2017-06-02). New records in sight?: US stock markets hit record levels on Thursday and the momentum is set to continue.
According to the report, the May PMI (Purchasing Managers' Index) registered 54.9 percent, an increase of 0.1 percentage point from the April reading of 54.8 percent, beating market expectations.
How to Watch the NHL Stanley Cup Finals Pittsburgh vs
Rinne entered the game leading the playoffs in wins (12) and goals-against average (1.83) while posting a.934 save percentage. The Penguins took all four games from a Blackhawks team that had won 11 straight games going into the Stanley Cup Final.
Philippine army hits own troops, kills 10 in Marwai City
Philippine Defense Secretary Delfin Lorenzana told media that "a group of our military armed men were hit by our own airstrikes". Eduardo Ano, the military chief of staff, said of the gunmen, speaking at a hospital where injured soldiers were being treated.
Rays promote 2 pitchers, send 1 down, put Bourjos on DL
Ramirez (3-0, 2.92 ERA) will make his fourth start of the season roughly 24 hours after finishing out his 12th relief appearance. Danny Farquhar served up a two-out, three-run homer to Rangers shortstop Elvis Andrus in the seventh to square the game up, 5-5.
The Nasdaq composite rose 48.31, or 0.8 percent, to 6,246.83.
The S&P 500 is up 191.23 points, or 8.5 percent.
Oil majors Exxon and Chevron were down about 0.5%.
OH, DEERE: Deere shares rose $2.20, or 1.8 percent, to $124.66 after it agreed to buy Wirtgen Group, a German maker of road-construction equipment for about 4.6 billion euros, or $5.2 billion.
The Dow is up 1,443.69 points, or 7.3 percent. The report comes ahead of the Federal Reserve's June meeting, where it is expected to raise interest rates.
Energy stocks in the S&P 500 rose 0.7%, though they are down 1.1% so far this week.
The announcement coincided with news that Scott signed the budget 2017-18 budget, vetoing $410 million in legislative projects. The budget, however, allows Enterprise Florida to maintain its worldwide offices and continue foreign trade missions.
Previous ROG gaming products based on AMD designs included Athlon 64 FX processors and were desktop models, until now. That being said, AMD hasn't forgotten about PC gamers, and is working to bring Vega to consumers in the near future.
Group A consist of Australia, New Zealand, Bangladesh and England while Group B has India, Pakistan, Sri Lanka and South Africa. He became the third player to score 10 or more hundreds for England after Marcus Trescothick (12) and Eoin Morgan (10).
But by putting his own spin on Kanye West's "Heartless", Allen won over fans and came out on top, besting frontrunner Lambert. The 12-year-old singing ventriloquist absolutely crushed it Tuesday on the premiere of NBC's " America's Got Talent ".
China is pushing for global recognition of the C919, which does not yet have certification from European and US regulators. Russian Federation joined the chorus speaking out in favour of the climate accord.
UN Secretary-General Antonio Guterres has said it was "absolutely essential" that the Paris climate agreement be implemented. A White House official says President Donald Trump is expected to withdraw the United States from the Paris climate accord .
In his previous outing, deGrom (4-2) threw 118 pitches and became the first Mets starter this year to reach the ninth inning. NY had been trying to stretch a winning streak to four for the first time early April. "Tonight is on me", deGrom said .
His discovery of solar wind has essentially changed our understanding of stars and how they interact with the space around them. The plan for the unmanned spacecraft is to orbit within 3.9 million miles (6.3 million kilometers) of the sun's surface.
Martinez spokesman Michael Lonergan said Thursday that Tim Crone crossed the line when he applauded and encouraged "a sick stunt". Griffin quickly apologized for the image, but has since lost a sponsorship and been removed from CNN's New Year's special.
Besides that, United States authorities expelled 35 Russian diplomats and shut down two Russian compounds in NY and Maryland. Petersburg consulate, halted in response to 2014 sanctions the US issued over Ukraine.
The 4-core models are based on Intel's Kaby Lake architecture, while the other models are based on the company's Skylake design. The next line up - the Core i7 X-Series - ranges from a $339, 4-core, 8-thread model to a $599 8-core, 16-thread processor.
US employers add modest 138K jobs; rate dips to 4.3 percent
Paul Diggle, senior economist at Aberdeen Asset Management, said the weak job reading was unexpected but "isn't a disaster". The Fed is expected to increase rates again in June, which would only be the fourth rate hike since the Great Recession.
Trump's Messy, Mostly Successful Israel Visit
Trump received a warm welcome in Tel Aviv after becoming the first U.S. president to include Israel on his maiden overseas trip. But there was little public evidence of prodding by Trump or his aides of either side to make more substantial concessions.
Arcade Fire drop new video for Everything Now
The track itself brings Arcade Fire to the full disco phase of its career, a transition it began on 2013's Reflektor . The show is part of the Infinite Content Tour in support of Arcade Fire's forthcoming fifth album (due out July 28).
LIGO detects gravitational waves for third time
Virgo and the LIGO Scientific Community work together in many areas and have an agreement on the exchange of data . For example, LIGO has a good chance of spotting its first neutron star merger during the third run, Landry said.
British police arrest another man in Manchester attack probe
Abedi's family remained a focus, too, with a brother in England, his father and another brother in Libya among those detained. Police say they have "got our hands around" a large part of the network connected to Manchester Arena bombing Salman Abedi .
Man accused of tossing beer at playoff game pleads guilty
After having difficulty finding the strike zone early on, Jays starter Bolsinger settled down for a solid 5.1 innings of work. He was replaced by Danny Barnes , who gave up a home run to short stop Zack Cozart , his second of the night.