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Stock Market Today: Stocks Post Gains on Rising Rate-Cut Hopes
HPEHPE(US:HPE) Kiplinger.comยท2024-06-05 20:07

Economic Indicators - The private sector added 152,000 jobs in May, a decrease from 188,000 in April, falling short of economists' expectations of 175,000 [1] - Job openings fell to a three-year low of 8.1 million in April, below the expected 8.35 million, indicating a cooling labor market [4] - The probability of a Federal Reserve rate cut in September increased to 59% from 56% following the labor market data [4] Company Performance - Hewlett Packard Enterprise (HPE) stock rose nearly 11% after exceeding earnings expectations and providing a strong outlook due to demand for AI servers [6] - CrowdStrike Holdings (CRWD) stock increased by 12% after a strong quarterly earnings report and an upward revision of its full-year forecast, with a year-to-date rise of over 25% [6] - Dollar Tree (DLTR) shares fell 4.9% after announcing a strategic review of its Family Dollar business, which may include a sale, following the closure of 970 underperforming stores [7]