Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right
By A Mystery Man Writer
Last updated 03 Jul 2024
Wall Street climbed to its highest level in 20 months following a stronger-than-expected report on the U.S. job market.
Wall Street climbed to its highest level in 20 months following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4% to clinch its longest weekly winning streak in four years. The Dow and Nasdaq also gained 0.4%. Treasury yields rose more sharply following the report, which said U.S. employers added more jobs than economists expected last month. The strong data keep concerns about a recession at bay, but the worry is a strong economy could also give inflation more fuel. That pushed traders to curtail bets for how many times the Federal Reserve will cut interest rates next year.
Wall Street climbed to its highest level in 20 months following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4% to clinch its longest weekly winning streak in four years. The Dow and Nasdaq also gained 0.4%. Treasury yields rose more sharply following the report, which said U.S. employers added more jobs than economists expected last month. The strong data keep concerns about a recession at bay, but the worry is a strong economy could also give inflation more fuel. That pushed traders to curtail bets for how many times the Federal Reserve will cut interest rates next year.
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://wnyt.com/wp-content/uploads/apimg/2023/12/Japan_Financial_Markets_42037.jpg)
Stock market today: Wall Street hits 2023 high as it mulls whether
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://www.theepochtimes.com/_next/image?url=https%3A%2F%2Fimg.theepochtimes.com%2Fassets%2Fuploads%2F2024%2F01%2F13%2Fid5565001-High_Speed_Rail_Florida_Deaths-1080x720.jpg&w=1200&q=75)
Stock Market Today: Wall Street Hits 2023 High as It Mulls Whether
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iGObRUwkuQQI/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png)
Wall Street Strategists Turn Ever Bullish Just as Stocks Slump
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://image.cnbcfm.com/api/v1/image/107230150-1682367374498-aaa_img_100_99_112_1957665_1000-1682367278424.jpg?v=1682367727&w=929&h=523&vtcrop=y)
Stock market today: Live updates
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://www.schwab.com/learn/sites/g/files/eyrktu1246/files/Getty_891619848_3x2_0.jpg)
Opening Market Update
Is Now The Time To Jump In And Buy Media Stocks?
Wall Street hits 2023 high as it weighs economic data - Los
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://bloximages.chicago2.vip.townnews.com/starherald.com/content/tncms/assets/v3/editorial/a/dc/adcc3ae9-1204-5be8-992f-85e0f6ccc1b0/6573967f0de7a.preview.jpg?crop=1739%2C913%2C4%2C36&resize=1200%2C630&order=crop%2Cresize)
Wall Street hits 2023 high after strong US jobs report
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://bloximages.chicago2.vip.townnews.com/kenoshanews.com/content/tncms/assets/v3/editorial/6/44/6446d212-deb0-5934-a5b8-2966a8b00643/63f51727ddd79.image.png)
Stock market today: Dow soars on strong US economic reports
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://bloximages.chicago2.vip.townnews.com/billingsgazette.com/content/tncms/assets/v3/editorial/9/09/9095357f-a4f5-5468-bf34-1b9597df46a3/64ee6281c6f06.image.jpg?resize=1200%2C800)
Stocks rally after economic reports suggest rate hike pause
![Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right](https://barchart-news-media-prod.aws.barchart.com/IF/c49630bd9712b2ef54665deb298058b0/smi-swx20211204093615.png)
SMI (Swiss Index) Entered In A Triple Correction Structure
2023 Stock Market Outlook: Recession Predictions From Wall Street
Recommended for you
-
Will stock market indexes go up forever? - Marketplace03 Jul 2024
-
Markets News, Jan. 23, 2024: Stocks Inch Up Amid a Torrent of03 Jul 2024
-
Beating the blues! From IRFC to Salasar Techno, these 5 stocks03 Jul 2024
-
Stock Market Outlook: 100-Year-Old Dow Theory Buy Signal Just Flashed03 Jul 2024
-
What Are Stock Options? - Forage03 Jul 2024
-
Stock Of The Day: See How To Find, Track And Buy The Best Daily03 Jul 2024
-
Premarket stocks: Retail investors are sitting out the stock03 Jul 2024
-
Why The Stock Market Is Still So Attractive03 Jul 2024
-
Stock market today: Live updates03 Jul 2024
-
Stock Market Highlights: Market breadth indicates a strong bullish bias. What traders should do on Wednesday - The Economic Times03 Jul 2024
You may also like
-
Styrofoam Hearts Stock Photos - Free & Royalty-Free Stock Photos from Dreamstime03 Jul 2024
-
SEM Trim Black Aerosol Can - KOP Auto Body Supplies03 Jul 2024
-
36 x 48 Pink/Blue Self Healing 5-Ply Double Sided Durable Non-Slip PVC Cutting Mat, 36” x 48” - Fred Meyer03 Jul 2024
-
527 Glue Beacon 527 Glue Craft Glue Adhesive Ceramic Glue Clear Glue Glue for Metal Cork Tile Ceramics and Glass Dries Clear03 Jul 2024
-
CHENGU 9 Pack Clear Zipper Pouches Multipurpose PVC Waterproof Pouch Clear Travel Bags for Cosmetic Wallet Pencil Organize(White Side)03 Jul 2024
-
Ashley Harwood 5/8 Push Cut Bowl Gouge with Bolster — Ashley03 Jul 2024
-
TESTORS SUPER GLUE INSTANT ADHESIVE 0.2 oz model multi-purpose TES281222 NEW03 Jul 2024
-
Mens Chain Gold Rope Chain Necklace Gold Chains for Men Stainless Steel Chains 5mm Rope 18 / 20 / 22 Chain03 Jul 2024
-
PVC Heat transfer Vinyl T-Shirt Vinyl Iron on Cutting For Cricut HTV Cutting03 Jul 2024
-
Movie Dinner Caddy for Messy, Picky Eaters #momlife #mealideas03 Jul 2024