Markets steady
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 June 2024
⏱️ 1 minutes
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Summary
Markets were steady; Initial jobless claims rise; European Central Bank lowers rates; AI companies investigated.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Megan McCarty Carino. |
| 0:04.0 | Markets didn't do much Thursday. The Dow edged up 2 tenth percent and the |
| 0:08.9 | SMP and NASDAQ were basically flat. The number of people filing initial claims for unemployment |
| 0:15.3 | bumped up last week by about 8,000, the layoffs are still relatively low. Data released |
| 0:21.6 | earlier this week showed job openings fell in April. |
| 0:25.0 | Tomorrow will get the May jobs report for a fuller picture of how the labor market is doing. |
| 0:30.0 | That data, along with recent inflation and GDP figures, will surely be of interest to the Federal Reserve. |
| 0:36.7 | Members meet next week to discuss interest rates. |
| 0:39.4 | Today, the European Central Bank lowered rates for the first time since 2019, dropping the benchmark by a quarter percent. |
| 0:47.0 | And NVIDIA, which hit a $3 trillion valuation this week, is reportedly of interest to federal antitrust regulators. |
| 0:55.0 | We're also looking into Microsoft and Open AI. |
| 0:58.0 | I'm Megan McCarty Carino with the marketplace minute. |
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