The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In JuneTag: Fed
Dow Eclipses 40,000 For First Time Ever In The Stock Market
The Dow Jones Industrial Average hit the 40,000 point threshold for the first time ever on Thursday as investors on Wall Street were feeling timid over the idea of interest rate cuts.
Read More Dow Eclipses 40,000 For First Time Ever In The Stock MarketReport: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Read More Report: Inflation Increased Again In March As Consumer Spending RoseWall St rises as Big Tech charges higher
Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.
Read More Wall St rises as Big Tech charges higherUnemployment Benefits Applicants Rise To 212,000
9,000 more people applied for unemployment benefits last week, bringing the total to 212,000—the highest number since January.
Read More Unemployment Benefits Applicants Rise To 212,000Inflation Rates Continue To Increase In Latest January Report
In the latest report inflation rose more than predicted in January due in part to grocery and housing costs.
Read More Inflation Rates Continue To Increase In Latest January Report