These are the S&P 500 historical returns during election years

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BofA: Bank stocks should remain well bid into US elections

June 10, 2024 5:40 AM EDT

Bank of America (BofA) analysts see positive signs for bank stocks heading into the US elections.

The note highlights how elections can significantly impact stock performance, noting the performance of Mexican and Indian equities in response to election surprises last week.

BofA believes the upcoming US... More

Wholesale Inventories (Apr F) 0.1% vs 0.2% Expected

June 7, 2024 10:00 AM EDT

Wholesale Inventories (Apr F) 0.1% vs 0.2% Expected

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Citi Changes First Fed Rate-cut Forecast To September From July - Bloomberg

June 7, 2024 9:58 AM EDT

Citi Changes First Fed Rate-cut Forecast To September From July - Bloomberg

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"Eye-popping" May US payrolls jump may set back Fed ease

June 7, 2024 8:56 AM EDT

(Reuters) -U.S. job growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates.

The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month, much more than the 185,000 forecast by economists polled by Reuters. Revisions showed 15,000 fewer jobs created in March and April combined than previously reported.

MARKET REACTION:

STOCKS: S&P 500 e-mini futures turned 0.29% lower, pointing to a soft open on Wall StreetBONDS: The U.S.... More

U.S. added more jobs than anticipated in May

June 7, 2024 8:48 AM EDT

Investing.com - The U.S. economy added more jobs than expected last month, undermining expectations of a cooling labor market, potentially impacting how the Federal Reserve approaches potential interest rate cuts this year.

Nonfarm payrolls rose by 272,000 in May, surging from Aprils revised lower 165,000... More

Fed Swaps No Longer Fully Price In Rate Cut Before December - Bloomberg

June 7, 2024 8:34 AM EDT

Fed Swaps No Longer Fully Price In Rate Cut Before December - Bloomberg

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Fed Swaps Assign Lower Odds To Rate Cuts In Sept, Nov, Dec - Bloomberg

June 7, 2024 8:32 AM EDT

Fed Swaps Assign Lower Odds To Rate Cuts In Sept, Nov, Dec - Bloomberg

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U.S. Adds 272 Thousand Jobs in May, Topping Estimates

June 7, 2024 8:30 AM EDT

Change in Nonfarm Payrolls (May) 272K vs 180K Expected, Unemployment Rate 4%

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and... More

Wall Street stocks close slightly lower; jobs data strong but rates still high

June 7, 2024 6:14 AM EDT

By Chibuike Oguh

NEW YORK (Reuters) -Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries the Federal Reserve may wait longer to cut interest rates than many investors had hoped.

The U.S. economy generated about 272,000 jobs in May, far more than the 185,000 analysts had forecast, according to a Labor Department report. The unemployment rate inched up to 4%.

The benchmark S&P 500 slipped immediately after the report while U.S Treasury yields climbed as traders slashed bets on a September... More

SPDR S&P 500 ETF Trust (SPY) option implied volatility into May employment report

June 7, 2024 5:14 AM EDT

SPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 13; compared to its 52-week range of 10 to 19 into May employment report.

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Global S&P Futures mixed in premarket

June 7, 2024 4:59 AM EDT

Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $75, natural gas mixed, gold at $2363

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