video Finance Videos
Tech leads Wall Street higher
Friday, June 02, 2017 - 01:19
U.S. stocks closed at record highs for a second straight day on Friday. As Fred Katayama reports, a rally in tech and industrial stocks offset a tepid jobs report.
▲ Hide Transcript
▶ View Transcript
A tepid jobs report didn't keep stocks from edging higher and hitting record highs on Friday. Industrial and tech shares spearheaded the rally. Employers added fewer people to their payrolls in May than economists expected. The modest 138,000 increase could raise concerns about the economy's health but may still be enough for the Fed to raise interest rates this month. That weak payrolls data pushed Treasury yields lower. John Manley of Wells Fargo Funds management SOUNDBITE: JOHN MANLEY, CHIEF EQUITY STRATEGIST, WELLS FARGO FUNDS MANAGEMENT (ENGLISH) SAYING: "The number. It's one number. The number two: It gives the reason to think perhaps the Fed is not going to be quite as aggressive in raising rates as before so there's a little good and a little bad in this. It was a dismal number, but it's not a disaster." RH's high-flying shares taking a big beating. The company that runs furniture retailer, Restoration Hardware, cut its fiscal year forecast for adjusted profit. Canada Goose shares flying higher. The Canadian apparel maker's quarterly loss widened, but that was smaller than analysts expected. Another Canadian company surging: Lululemon. The yoga pants maker's quarterly profit fell but beat expectations, and Lululemon said it would shut down most of its money-losing stores for girls, Ivivva. International investors kept pouring money into European stocks, boosting the region's indexes.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Tech leads Wall Street higher
Friday, June 02, 2017 - 01:19
Top News »
9:37am EDT - (0:56)
8:50am EDT - (0:48)
8:50am EDT - (1:10)
6:57am EDT - (1:12)
5:36am EDT - (1:56)
5:05am EDT - (0:45)
4:12am EDT - (1:22)
Sun, Apr 22, 2018 - (1:29)
Sun, Apr 22, 2018 - (1:06)
Sun, Apr 22, 2018 - (2:01)
Sat, Apr 21, 2018 - (0:32)
Sat, Apr 21, 2018 - (0:44)
Migrant Crisis »
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
5:36am EDT - (1:56)
Fri, Apr 20, 2018 - (1:24)
Fri, Apr 20, 2018 - (2:04)
Thu, Apr 19, 2018 - (0:57)
Thu, Apr 19, 2018 - (1:45)
Tue, Apr 17, 2018 - (2:44)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:59)
Fri, Apr 13, 2018 - (1:09)
Fri, Apr 13, 2018 - (2:15)
Politics »
Fri, Apr 20, 2018 - (1:07)
Fri, Apr 20, 2018 - (1:46)
Thu, Apr 19, 2018 - (2:16)
Thu, Apr 19, 2018 - (1:32)
Thu, Apr 19, 2018 - (1:00)
Thu, Apr 19, 2018 - (0:32)
Thu, Apr 19, 2018 - (1:37)
Wed, Apr 18, 2018 - (0:58)
Wed, Apr 18, 2018 - (0:35)
Wed, Apr 18, 2018 - (0:45)
Innovations »
7:43am EDT - (1:55)
Sun, Apr 22, 2018 - (1:30)
Fri, Apr 20, 2018 - (1:50)
Thu, Apr 19, 2018 - (1:54)
Wed, Apr 18, 2018 - (1:03)
Wed, Apr 18, 2018 - (1:01)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:54)
Mon, Apr 16, 2018 - (0:50)
Fri, Apr 13, 2018 - (2:15)
Entertainment »
12:24pm EDT - (1:39)
12:22pm EDT - (2:11)
11:19am EDT - (1:50)
4:14am EDT - (0:39)
Sat, Apr 21, 2018 - (0:32)
Fri, Apr 20, 2018 - (1:24)
Fri, Apr 20, 2018 - (1:47)
Fri, Apr 20, 2018 - (0:59)
Fri, Apr 20, 2018 - (0:46)
Fri, Apr 20, 2018 - (1:31)
Rough Cuts »
11:19am EDT - (1:50)
Sun, Apr 22, 2018 - (0:31)
Sun, Apr 22, 2018 - (1:29)
Sun, Apr 22, 2018 - (2:01)
Sat, Apr 21, 2018 - (1:18)
Sat, Apr 21, 2018 - (2:00)
Fri, Apr 20, 2018 - (1:47)
Fri, Apr 20, 2018 - (0:59)
Fri, Apr 20, 2018 - (0:30)
Fri, Apr 20, 2018 - (0:31)
Moving Pictures »
Tue, Apr 03, 2018 - (1:46)
Fri, Mar 02, 2018 - (2:13)
Thu, Feb 08, 2018 - (1:43)
Thu, Jan 04, 2018 - (1:01)
Fri, Dec 22, 2017 - (2:08)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Tue, Dec 05, 2017 - (2:06)
Tue, Dec 05, 2017 - (2:11)
Fri, Dec 01, 2017 - (2:04)
Thu, Nov 30, 2017 - (2:10)
Thu, Nov 30, 2017 - (2:14)
Wed, Nov 29, 2017 - (2:11)
Tue, Nov 28, 2017 - (1:55)
Tue, Nov 28, 2017 - (2:21)
Mon, Nov 27, 2017 - (2:25)
Fri, Nov 24, 2017 - (2:16)
Fri, Nov 24, 2017 - (2:14)
Thu, Nov 23, 2017 - (2:18)