The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are moving higher ahead of Friday’s close after the US Bureau of Labor Statistics (BLS) reported the labor market grew by 115,000 jobs in April.
The Wealth Consulting Group chief market strategist Talley Leger examines how the Federal Reserve may interpret this data, especially as fed Chair Jerome Powell’s term is set to end next Friday, May 15.
The US Bureau of Labor Statistics (BLS) reported a growth of 115,000 nonfarm payroll jobs in April, while the unemployment rate held steady at 4.3%.
In response to the data, the White House said that the growing number of factory construction jobs is a positive sign for the future of job growth in that industry, especially for the subsector associated with data center construction.
In the video above, Yahoo Finance Washington Correspondent Ben Werschkul explains what you should know.
Chapters
00:00 Why AI stocks keep hitting records
02:22 What the jobs report means for markets
03:58 Why investors still like small caps
06:25 AI, quantum computing, and market risks
09:30 How AI data centers are reshaping jobs
15:14 Why streaming wars may benefit YouTube
19:16 Linda Yaccarino reflects on leading X
28:53 Lyft’s outlook on AI and autonomous driving
37:54 Options strategies in today’s market
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