S&P 500 (^GSPC)
| Previous close | 5,354.03 |
| Open | 5,357.80 |
| Volume |
| Day's range | 5,335.36 - 5,362.35 |
| 52-week range | 4,103.78 - 5,362.35 |
| Avg. volume | 3,932,677,301 |
- Yahoo Finance Video
Stocks close flat as May jobs report looms
The major indexes (^DJI,^GSPC, ^IXIC) closed little changed on Thursday as investors await the May jobs report. They're looking for signs that the labor market is cooling in hopes it will spur the Federal Reserve to cut interest rates sooner rather than later. Yahoo Finance's Julie Hyman and Jared Blikre break down the market action. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Yahoo FinanceMay jobs report expected to show more signs of cooling labor market
The May jobs report comes as the stock market has hit record highs amid a slew of softer-than-expected economic data, increasing investor confidence that the Federal Reserve could cut interest rates as of September.
- Yahoo Finance Video
This is the 'weak' inflation, labor data the Fed needs to see
As economic indicators continue to signal a softening in the labor market, investors eagerly anticipate the possibility of a rate cut on the horizon. Principal Asset Management Chief Global Strategist Seema Shah joins the Morning Brief to discuss her outlook on this issue. Shah suggests that a near-term rate cut is highly unlikely, as there is currently no "clear evidence" that the economy is prepared for such a move. Despite the recent economic prints signaling a cooling trend, she notes that this being an election year, policymakers need to be "very, very convinced" before taking action on monetary policy. "We need to see a run of weaker data on inflation and the labor market for the Fed to be comfortable enough to cut rates in September," she tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
