On Monday, May 6th, U.S. stock markets closed higher for the third consecutive session, fueled by increasing investor optimism about potential Federal Reserve interest rate cuts this year.
In economic data, U.S. employers added 175,000 nonfarm jobs in April, down from March’s revised 315,000 and below the expected 238,000. The unemployment rate rose to 3.9%, higher than the anticipated 3.8%.
Most S&P 500 sectors closed higher, with the energy index leading the gains, partly driven by U.S. natural gas futures reaching their highest level in 14…
