Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer
Friday, 2 June 2023 US stock indexes rose as the Labor Department released payroll data and claims for jobless benefits, indicating that the nation's labor market is still tight and wage inflation is slowing. The Federal Reserve intends to raise interest rates but if unemployment figures remain high, the Federal Reserve might have to delay the rate hikes.
S&P Rallies , to Break Out of Bear Market , and Into Bull Territory.
On June 8, the S&P 500 rallied to reach
a bull market, surging 20% since hitting
a recent low in mid-October of 2022.
CNN..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 2 June 2023
![S&P Rallies to Break Out of Bear Market and Into Bull Territory [Video]](https://video.newsserve.net/300/v/20230609/1353893093-Rallies-to-Break-Out-of-Bear.jpg)
