financetom
Market
financetom
/
Market
/
US Equities Markets End Higher Tuesday Despite Soft Economic Data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equities Markets End Higher Tuesday Despite Soft Economic Data
May 25, 2025 10:45 PM

04:01 PM EDT, 04/29/2025 (MT Newswires) -- US benchmark equity indexes ended higher Tuesday despite soft labor and consumer confidence data.

* US job openings fell to 7.192 million in March, below the 7.5 million expected in a Bloomberg survey and the 7.480 million reported in February. The March level represents 4.3% of total employment, down from 4.5% in February and 4.9% a year earlier, the Bureau of Labor Statistics said Tuesday.

The Conference Board's measure of consumer confidence fell to 86.0 in April from 93.9 in March, below a reading of 88.0 expected in a survey compiled by Bloomberg.

* The probability of the Federal Reserve cutting rates by 25 basis points in June was 60% on Tuesday, according to the CME Group's FedWatch Tool. The likelihood of a follow-up cut of the same magnitude in July stood at 54%, up from 51% a day ago.

* "In the medium term, we remain more worried about growth versus sustained inflation," the Wells Fargo Investment Institute said in a note. Tariffs are a blunt force pushing prices higher, but the increase is "not sustained inflation," the report said.

* June West Texas Intermediate crude oil closed down $1.75 to settle at $60.30 per barrel, while June Brent crude, the global benchmark, was last seen down $1.71 to $64.15 on concerns supply is set to outpace flagging demand.

* Novo Nordisk A/S ( NVO ) and Hims & Hers Health ( HIMS ) are partnering to enable US consumers access to the NovoCare pharmacy directly through the Hims platform. Consumers will be able to purchase all dose strengths of Wegovy in a bundled offering with a Hims membership for $599 a month. Hims shares jumped 23%, and Novo Nordisk ( NVO ) rose 4%.

* NXP Semiconductors ( NXPI ) shares dropped 6.9%. The Dutch chipmaker warned that it is navigating a "very uncertain" environment because of tariffs after reporting better-than-expected Q1 results.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech
Sector Update: Tech
Jun 20, 2024
08:54 AM EDT, 06/20/2024 (MT Newswires) -- Technology stocks were edging higher pre-bell Thursday with the Technology Select Sector SPDR Fund (XLK) marginally advancing and the SPDR S&P Semiconductor ETF (XSD) up 0.3% recently. The UK's Competition and Markets Authority said it is launching a probe of Hewlett-Packard's ( HPE ) $14 billion acquisition of Juniper Networks (JPNR). Hewlett Packard...
NVIDIA Stock Gains Push Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday
NVIDIA Stock Gains Push Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday
Jun 20, 2024
08:15 AM EDT, 06/20/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Thursday's premarket activity pushed by the continued gains in NVIDIA's ( NVDA ) stock. US stock futures were mixed, with S&P 500 Index futures up...
Sector Update: Health Care
Sector Update: Health Care
Jun 20, 2024
08:58 AM EDT, 06/20/2024 (MT Newswires) -- Health care stocks were steady pre-bell Thursday as the Health Care Select Sector SPDR Fund (XLV) was down 0.2% while iShares Biotechnology ETF (IBB) was recently unchanged. Jazz Pharmaceuticals ( JAZZ ) was down more than 2% after saying its investigational therapy suvecaltamide did not meet its primary endpoint in a phase 2b...
US STOCKS-S&P, Nasdaq futures climb as Nvidia stretches rally
US STOCKS-S&P, Nasdaq futures climb as Nvidia stretches rally
Jun 20, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Dell, Super Micro providing server racks for xAI's supercomputer * Futures up: Dow 0.08%, S&P 500 0.40%, Nasdaq 0.60% (Updated at 7:14 a.m. ET) By Shubham Batra and Ankika Biswas June 20 (Reuters) - Nasdaq and S&P 500 futures...
Copyright 2023-2026 - www.financetom.com All Rights Reserved