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A cooler-than-expected April jobs report made for a very good day on Wall Street Friday. All three major indices would hit the finish line with significant gains from the day to secure another winning week.
We've become accustomed to seeing the monthly jobs report blow past what was expected. Last month, however, it was a very different story. New hirings in April were the fewest recorded in six months.
After months of bad news on the state of inflation, the central bank finally caught a break. A slowdown in hiring and wages may not sound like a good thing, but for the Fed's rate cuts strategy, it's a victory.
Prior to Friday's jobs news, the top story of the week was the Fed leaving interest rates unchanged. This report details the messaging we heard from policymakers, and what is still needed to start the cuts.
The week ahead is lining up to be a quiet one for Wall Street. The top headline will land on Tuesday when Disney reports its earnings. Also, due out, the results from the new survey on consumer sentiment.
Warren Buffett doesn't speak publicly on a regular basis, but when he does, it gets people's attention. Here's a recap of the topics Buffett discussed at the Berkshire Hathaway yearly shareholders meeting.
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