Wall Street rallies after hiring shows welcome signs of cooling [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. The Standard & Poor's 500 rose 1.3%, its best day since late February. The benchmark index also erased its losses for the week. The Dow Jones industrial average rose 1.2%. The Nasdaq composite ended 2% higher, reflecting strong gains by technology sector stocks, which accounted for much of the rally. The nation's employers added 175,000 jobs last month, down sharply from the blockbuster increase of 315,000 in March, according to the Labor Department. The latest hiring tally came in well below the 233,000 gain that economists had predicted. Meanwhile, average hourly earnings, a key driver of inflation, rose less than expected. The modest increase in hiring last month suggests the Federal Reserve's aggressive streak of rate increases may be finally starting to take a bigger toll on the world's largest economy. That may help reassure the Fed that inflation will ease
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SPGI
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website