* TSX ends up 1.8% at 20,024.63. * For the week, the index gains 0.5% * Energy rallies 2.8%; oil settles 2.3% higher. * Financials advance 2.1% By Johann M Cherian and Fergal Smith.
* Nasdaq posts best weekly winning streak since Jan 2020. * Data shows jobless rate at 3.7% in May; wage growth moderates. * Amazon (AMZN) up on report of its talks for low-cost mobile services. * Materials lead S&P sector gains, Nvidia (NVDA) slips again. By Herbert Lash and Shreyashi Sanyal.
* Nasdaq posts best weekly winning streak since Jan 2020. * Data shows jobless rate at 3.7% in May; wage growth moderates. * Amazon (AMZN) up on report of its talks for low-cost mobile services. * Materials, industrials lead S&P sector gains. By Herbert Lash and Shreyashi Sanyal.
As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023.
As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy Nasdaq 100 gain 33% in 2023.
-U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default.
* Nasdaq set for best weekly winning streak since Jan 2020. * Data shows jobless rate at 3.7% in May; wage growth moderates. * Amazon (AMZN) up on report of its talks for low-cost mobile services. * Materials, industrials lead S&P sectoral gains. * Indices up: Dow 2.11%, S&P 500 1.46%, Nasdaq 1.01% By Herbert Lash and Shreyashi Sanyal.
* Wall Street stocks gain. * Benchmark 10-year yields higher. * U.S. dollar rises. * Oil prices adds 2%, safe-haven gold falls. By Chibuike Oguh. Global Shares and U.S. Treasury yields rose on Friday following a stronger-than-expected jobs growth data that raised investor expectations that the Federal Reserve could retain its rate interest hikes.
* Wall Street stocks gain. * Benchmark 10-year yields higher. By Chibuike Oguh. Global Shares and U.S. Treasury yields rose on Friday following a strong-than-expected jobs growth data that raised investor expectations that the Federal Reserve could retain its rate interest hikes.
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