Nonfarm Payrolls Rose 288K in June; Unemployment Rate Drops to 6.1%
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- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
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Markit U.S. Services PMI Hits 61.0 in June; Fastest Expansion Pace Since Late 2009
July 3, 2014 9:50 AM EDTThe Markit U.S. Composite PMI Output Index final data came in at 61.0 in June, from 58.4 in May. Data indicated the fastest pace of expansion since late 2009. June data pointed to stronger rises in both manufacturing output and service sector business activity.
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