Employers added a surprisingly solid 119,000 jobs in September, issuing a key economic report that had been delayed seven weeks by the federal government shutdown.
Read More Wall Street shoots toward its best day since May on Nvidia’s profit report and hopes for lower rates
The S&P 500 added 0.1% in morning trading and remains near its all-time high set a couple weeks ago.
Read More US stocks are drifting around their records as AMD rallies
The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.
Read More Fed cuts interest rates to lowest level in 3 years
The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.
Read More The Dow hits a record as 3M, Coca-Cola and other big US stocks climb
President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.
Read More China restricts rare earth exports as Trump vows strong response, reigniting trade tensions
Oracle’s shares rose on Thursday as the company inches closer to the trillion-dollar club on soaring gains from its AI cloud business.
Read More Oracle nears $1 trillion valuation, Ellison edges toward richest-person title