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A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020.
Lucas Jackson | Reuters
Here are the most important news items investors need to start their trading day:
1. Strong start
Equity futures rose Friday after the start of the new month with a nice little rally on Thursday. TheThe Dow Jones Industrial Average rose 0.47% in June’s first trading session, the S&P 500 rose 0.99% and the Nasdaq Composite rose 1.28%. The latter two indices recorded their highest closing price since August. Markets will add to those gains on Friday: As of early morning, futures linked to each of the major indices were up about 0.5% across the board. Follow live market updates.
2. Avoid Default
U.S. Senate Majority Leader Chuck Schumer (D-NY) answers a question from a reporter at the Capitol in Washington, U.S., May 2, 2023.
Kevin Lamarque| Reuters
3. Jobs Report
Construction workers at a construction site on March 10, 2023 in Miami, Florida. A report from the Bureau of Labor Statistics shows that the US economy added 311,000 jobs in February. The unemployment rate rose from 3.4% to 3.6%.
Joe Raedle | Getty Images
Friday’s monthly jobs report from the Labor Department showed that the job market was growing at a seemingly unstoppable pace. US added 339,000 nonfarm payrolls in May, a crush of the 190,000 additions expected by economists polled by Dow Jones. Despite repeated calls from Wall Street for a slowdown, the labor market has so far been resilient against a backdrop of rising interest rates, with job growth now exceeding consensus estimates 14 times out of 17 since January 2022.
4. Walmart reduces waste
Walmart is swapping plastic mailers for paper mailers that customers can recycle.
walmart
Your Walmart delivery may soon look a little different. The wholesaler is reduced packaging waste with plans to swap plastic mailers for recyclable papers; to introduce bespoke technology to better match the box size to the items being shipped; and to enable curbside pickup customers to skip the plastic bags. “It’s about making sustainability the everyday choice for our customers,” said Jane Ewing, Walmart’s senior vice president of sustainability. “And it’s about making sure the path of least resistance is the most sustainable.”
5. Inflation Control
Sure, the prices are high. But how high? Across the board? When are they coming down? Are you succumbing to price pressure? CNBC dug into recent and ongoing inflation, trying to answer questions like who is hit hardest by inflation, how do we measure it and why does it remain so sticky? We know that inflation has changed car buying for many Americans, forced consumers to consider this or that choice and challenged companies that rely on discretionary spending. What we don’t know yet is where it all goes from here. Read more from CNBC about inflation, explained.
CNBC’s Alex Harring, Yun Li, Samantha Subin, Christina Wilkie, Jeff Cox and Melissa Repko contributed to this report.
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Sources 2/ https://www.cnbc.com/2023/06/02/5-things-to-know-before-the-stock-market-opens-friday-june-2.html The mention sources can contact us to remove/changing this article |
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