Essential Tips for Navigating Friday's Stock Market Opening
Money | July 5, 2024, 6:44 a.m.
Investors should pay attention to five key factors as they start the trading day:
1. The S&P 500 and Nasdaq hit all-time highs, led by tech giants like Tesla and Nvidia. The Dow Jones lagged behind.
2. Friday's jobs report is expected to show slowing payroll gains, with economists predicting growth of 200,000, down from May's 272,000.
3. HBC, parent company of Saks Fifth Avenue, is set to acquire Neiman Marcus for $2.65 billion, creating Saks Global.
4. Federal Reserve officials are monitoring inflation and holding off on interest rate cuts until they are confident inflation is moving towards the 2% goal.
5. President Joe Biden is facing backlash as he addresses extreme weather concerns and the economy.