US EditionStock Market Live May 2: Good Jobs News Is Good News for S&P 500 (VOO)
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Stock Market Live May 2: Good Jobs News Is Good News for S&P 500 (VOO)
The U.S. Labor Department reported rising claims for unemployment on Thursday, leading investors to expect the Fed might soon cut interest rates to head off this trend and help maintain full employment. S&P 500 stocks reacted positively to the news, with both the index and the Vanguard S&P 500 ETF (NYSEMKT: VOO) that tracks it to rise. One day later, the U.S. Bureau of Labor Statistics reported a completely opposite trend of seasonally adjusted …
·New York, United States
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