{"id":147276,"date":"2025-06-07T00:01:35","date_gmt":"2025-06-07T00:01:35","guid":{"rendered":"https:\/\/teknomers.com\/en\/one-good-news-can-conceal-another-teknomers\/"},"modified":"2025-06-07T00:01:35","modified_gmt":"2025-06-07T00:01:35","slug":"one-good-news-can-conceal-another-teknomers","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/one-good-news-can-conceal-another-teknomers\/","title":{"rendered":"One good news can conceal another! – Teknomers."},"content":{"rendered":"\n
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(Boursier.com) \u2014 On Friday, \u00a0Wall Street\u00a0 made significant gains, with major indices approaching their historical peaks. The sharp drop following “Liberation Day” on April 2 seems to have been digested by investors. The \u00a0Dow Jones\u00a0 ended up \u00a01.05%\u00a0 at \u00a042,752 points\u00a0, while the \u00a0S&P 500\u00a0 rose \u00a01.03%\u00a0 to \u00a06,000 points\u00a0. The \u00a0Nasdaq\u00a0 advanced \u00a01.20%\u00a0 to \u00a019,529 points\u00a0. This bullish sentiment comes as operators welcomed the latest \u00a0reassuring\u00a0 U.S. employment figures.<\/p>\n

Investors are hopeful for a de-escalation of \u00a0Sino-American tensions\u00a0 following a recent phone call between Presidents \u00a0Donald Trump\u00a0 and \u00a0Xi Jinping\u00a0. Trump announced that three members of his administration would meet with a Chinese delegation in London to discuss a \u00a0trade agreement\u00a0. In a message on social media platform \u00a0Truth Social\u00a0, Trump noted that Treasury Secretary \u00a0Scott Bessent\u00a0, Commerce Secretary \u00a0Howard Lutnick\u00a0, and U.S. Trade Representative \u00a0Jamieson Greer\u00a0 would participate in these discussions. He expressed optimism, predicting that \u201cthis meeting should go very well.\u201d<\/p>\n

Additionally, the markets continued to track the escalating feud between Trump and \u00a0Elon Musk\u00a0, who have publicly exchanged barbs through media outlets over the last 24 hours.<\/p>\n

According to the \u00a0U.S. Department of Labor\u00a0, non-agricultural job creation for May exceeded expectations, landing at \u00a0139,000\u00a0, compared to a consensus of \u00a0130,000\u00a0. The previous month had seen a downward revision from an estimation of \u00a0177,000\u00a0 to \u00a0147,000\u00a0. Private sector job creation reached \u00a0140,000\u00a0, better than the consensus of \u00a0120,000\u00a0, though slightly lower than the \u00a0146,000\u00a0 recorded the previous month. The \u00a0unemployment rate\u00a0 remained stable at \u00a04.2%\u00a0, while average hourly earnings rose more than anticipated, increasing \u00a00.4%\u00a0 month-over-month and \u00a03.9%\u00a0 year-over-year. The \u00a0labor force participation rate\u00a0 stood at \u00a062.4%\u00a0.<\/p>\n

The Federal Reserve is engaging in discussions regarding a potential \u00a0interest rate cut\u00a0, which would likely delight Trump, especially as the \u00a0European Central Bank\u00a0 (ECB) has once again reduced its key rate to \u00a02%\u00a0, marking the eighth successive cut since June 2024. According to the \u00a0FedWatch tool\u00a0 from the \u00a0CME Group\u00a0, the likelihood of the Fed maintaining the current rate at its next monetary meeting on June 18 is nearly \u00a0100%\u00a0, though a \u00a025 basis points cut\u00a0 could occur in September.<\/p>\n

In a critical post on Truth Social, Trump took aim again at \u00a0Federal Reserve Chairman Jerome Powell\u00a0, commenting that it is “too late” for the Fed, and calling it a “disaster.” Highlighting that Europe has experienced ten rate reductions without any from the U.S., Trump urged Powell to lower rates by a full percentage point: ”\u00a0Let\u2019s go for a full-point cut\u00a0! Rocket Fuel!” He claimed that if Powell acted on his advice, interest rates would be significantly reduced, both short and long-term. Trump added that with minimal inflation, if it were to resurface, rates should be raised to counter it, stating, \u201cIt’s very simple!\u201d<\/p>\n

On the \u00a0NYMEX\u00a0, WTI crude oil climbed \u00a01.9%\u00a0, reaching \u00a0$64.65\u00a0, while gold dipped \u00a01.7%\u00a0 to \u00a0$3,311\u00a0. The dollar index appreciated by \u00a00.3%\u00a0 against a basket of reference currencies, and the yield on the \u00a010-year T-Bond\u00a0 edged up to \u00a04.47%\u00a0, compared to \u00a04.93%\u00a0 for the \u00a030-year bond\u00a0.<\/p>\n

Market Updates<\/h2>\n

Tesla<\/b><\/a> rebounded by \u00a03.6%\u00a0 after a significant \u00a014.3% plunge\u00a0 the previous day. The interaction between Musk and Trump continues to draw attention. A user on \u00a0X\u00a0 remarked, “It\u2019s a shame to see you both at odds. You are both better than this. Please take a step back for a few days.” Musk replied that this was “good advice,” yet maintained his stance regarding the deactivation of the \u00a0Dragon spacecraft\u00a0.<\/p>\n

\u00a0Bill Ackman\u00a0, an ally to both Trump and Musk, suggested on \u00a0X\u00a0 that they should reconcile for the country’s benefit. Musk acknowledged Ackman’s observation but hinted that reconciliation might be complicated amid threats from Trump to cut government contracts and vital subsidies linked to Musk\u2019s ventures. The White House has purportedly arranged another call between Trump and Musk, further indicating the precarious nature of their relationship. Following the volatile exchanges, both men have accused each other of backtracking from previously held positions, escalating the discourse further.<\/p>\n

Additionally, Broadcom<\/b><\/a> saw a \u00a05% drop\u00a0 despite exceeding quarterly expectations, while shares of DocuSign<\/b><\/a> plunged \u00a018.9%\u00a0 despite reporting stronger than expected earnings.<\/p>\n

As the corporate landscape evolves, companies continue to navigate economic pressures and market fluctuations. From adjustments in forecasts to dynamic interactions among major players, the markets remain a complex field filled with rapid changes and opportunities.<\/p>\n<\/div>\n


\n
General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Boursier.com) \u2014 On Friday, \u00a0Wall Street\u00a0 made significant gains, with major indices approaching their historical peaks. The sharp drop following “Liberation Day” on April 2 seems to have been digested by investors. The \u00a0Dow Jones\u00a0 ended up \u00a01.05%\u00a0 at \u00a042,752 points\u00a0, while the \u00a0S&P 500\u00a0 rose \u00a01.03%\u00a0 to \u00a06,000 points\u00a0. The \u00a0Nasdaq\u00a0 advanced \u00a01.20%\u00a0 to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[],"class_list":["post-147276","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/147276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=147276"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/147276\/revisions"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=147276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=147276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=147276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}