The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data.
The U.S. Federal Reserve will continue to act "as appropriate" to sustain the economic expansion in the world's biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to a phrase that financial markets have read as signaling further interest-rate reductions ahead.
Apple Inc on Friday confirmed that China's Uighurs, a mostly Muslim minority group considered a security threat by Beijing, had been the target of attacks due to iPhone security flaws, but disputed rival Alphabet Inc's description of the effort to track users of the smartphone in real time.
Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet's Google and Facebook .
Wall Street's major indexes edged higher on Friday as investors digested mixed signals from the U.S. jobs report and bet on a Federal Reserve interest rate cut this month while China's stimulus plan helped ease some concerns around global growth.
U.S. Federal Reserve Chair Jerome Powell on Friday defended the central bank against the suggestion it would use monetary policy to affect political outcomes or be moved to take action based on political considerations.
U.S. stocks edged higher on Friday as China's stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals.
Wall Street advanced on Friday and Treasury yields pared their losses as upbeat remarks from Federal Reserve chair Jerome Powell and a Chinese economic stimulus package helped investors shrug off a weaker-than-expected U.S. jobs report.
Apple Inc on Friday confirmed that Uighurs, a minority mostly Muslim group considered a security threat by Beijing, had been the target of attacks due to a set of iPhone security flaws, but disputed its rival Alphabet Inc's description of the effort to track users of the smartphone in real time.
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
"I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment," Jerome Powell says.
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
The Trump administration wants to see "near term results" from U.S.-China trade talks in September and October, White House economic adviser Larry Kudlow said on Friday, but he declined to predict any outcomes or say if U.S. tariff delays were possible.
While the majority of survey respondents have taken at least 1 of 10 actions to help battle fraud, the most effective methods remained largely unused.
A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August.