BusinessAustralian Associated PressWall St mixed as rate hike fears resurface
The S&P; 500 has ended lower, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation.Data showed US employers hired far more workers than expected in July, the 19th straight month of payrolls expansion, with the unemployment rate falling to a pre-pandemic low of 3.
BusinessAustralian Associated PressWall St ends mixed ahead of payrolls data
Wall Street's main indexes have ended mixed as gains in high-growth stocks offset losses in energy shares, with investors looking ahead to a monthly jobs report for clues on the pace of interest rate hikes by the Federal Reserve.The tech-heavy Nasdaq hit a fresh three-month high, led by Amazon.
BusinessAustralian Associated PressWall St gains as earnings fuel optimism
Wall Street has ended sharply higher, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping elevate the Nasdaq to its highest level since early May.Data showed the US services industry unexpectedly picked up in July amid strong order growth while supply bottlenecks and price pressures eased.
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