The S&P 500 was 0.5% higher in the initial trading and on the track to set an all-time high for the fourth time in five days. The Dow Jones Industrial Dyogical Average rose 133 points or 0.3% by 9: 35 of the eastern time, and the Nasdaq combined was 0.6% higher.
Following the US government’s report, the reaction to the bond market was bigger, stating that employer added 147,000 more jobs to his salary compared to his salary last month. Despite concerns about how President Donald Trump’s tariffs can damage the economy and inflation, the U.S. There has been an unexpected acceleration in the hints of renting the job market.
According to Carl Vineberg, chief economist at high frequency economics, “there is nothing to complain here.” “You can find any evidence of any precedent recession in these figures.”
In a separate report, in the meantime, said that fewer US workers applied for unemployment benefits last week, a sign of facilitating the sake.
The yield was jumped into the bond market as investors claim that the better expected data can be kept on hold when it comes to interest rates to the Federal Reserve, instead of calling Trump. Interest interest rates can reduce the prices of stocks and other investments, while borrowing for people and companies buying cars or devices.
Traders in the futures market now see less than 5% probability that the Fed could reduce its main interest rate in its next meeting later this month. According to CME Group data, it is quickly down with about 24% of the opportunity they saw a day ago.
The Fed chair, Jerom Powell, is insisting that he wants to wait and wants to see how Trump’s tariff affects the economy and inflation before his next move. When low rates boost the economy, they can also provide more fuel to inflation. And if Trump’s tariff inflation is to be sent more, it can be dangerous.
Many of the strictly proposed taxes on Trump’s imports are currently paused, but they will go into effect next week till Trump reaches deals with other countries.
The yield of the 10 -year treasury is 4.33% on Wednesday. The two -year treasury yield, which moves more closely with the Fed’s expectations, jumped more. It reached 3.78% to 3.87%.
On Wall L Street, the datadog rose 9.8% after learning that its stock would be widely followed in the S&P500 index before the trade began on Wednesday. Many managers of the funds directly copy or compare at least the S&P500, which operates in any stock connecting the index.
The datadog will replace the juniper network, which joins the Hewlett Packard Enterprise.
In the stock markets abroad, the index has increased in most parts of Europe and Asia. South Korea’s Cospi was 1.3% of Climb, and Hong Kong’s Hang Seng fell 0.6% for two of the big steps.
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