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Stock photo pointing gun3/14/2024 The unemployment rate unexpectedly did not get worse. Average hourly earnings for workers rose more in January than forecast. After the jobs report, traders shifted some bets even further out the calendar to June, according to data from CME Group.īesides the overall hiring number, the jobs report included several signals showing much more strength than expected. Traders had already pushed out bets for the timing of the first Fed rate cut to May from March following Powell's warning earlier this week. The yield for the 10-year Treasury leaped immediately after the release of the jobs report and climbed to 4.02% from 3.88% late Thursday. "It’s definitely not the type of data the Fed had in mind when they said they wanted to see more evidence that inflationary pressures were under control.” “The Fed threw some cold water on the idea of a March rate cut less than 48 hours ago, and today’s surprisingly strong jobs report won’t dry things off,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. Fed Chair Jerome Powell said earlier this week that it’s unlikely cuts will begin as soon as traders had been hoping. stock market has surged to record heights. Hopes for such cuts, which can relax the pressure on the economy and goose investment prices, have been a major reason the U.S. That in turn could mean a longer wait for the Federal Reserve to begin cutting interest rates. While the strength is a boon for workers and keeps the risk of a recession at bay, the worry is that it could preserve some upward pressure on inflation. employers hired many more workers last month than economists expected. Stocks felt pressure from much higher yields in the bond market after a report showed U.S. And the Russell 2000 index of smaller stocks fell 0.6%. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%.īut the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. While the investigation is underway, Officer Justice has been placed on administrative paid leave.TOKYO – Big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.īig gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. The Santa Barbara County Sheriff’s Office is actively investigating the shooting. Lompoc Police have revealed Amador was shot by Officer Alexander Justice but did not include footage of the actual shooting. About 30 seconds later, video footage from just outside the store shows Amador then raising his right arm, which was holding the firearm, and pointing it in the general direction of the responding officers. He attempts once more to break the windshield of the vehicle but is unsuccessful. Two minutes later, at 1:20 a.m., Amador leaves the front of the store, where two Lompoc Police officers had responded to the report of the attempted carjacking. Upon entering, he points the gun - later revealed to be a 4.5-millimeter BB gun - at the clerk, directly at the back of the clerk’s head, and forces them to open the register. After he circles the car, unable to break in, Amador comes back inside the store, now carrying what appears to be a machete in his left hand and a firearm in his right. on December 29, Amador returns to the same Circle K store and tries to carjack a vehicle parked outside. Less than two hours later at around 1:18 a.m. Amador walks behind the counter and, still brandishing the weapon, forces the cashier to open the register and takes the cash out of the drawer. before revealing what appears to be a gun under his shirt and pointing it at the clerk. The video, which was published on the Lompoc Police YouTube page on Tuesday, shows the deceased, 20-year-old Lompoc resident Connor Amador, walk into the store around 11:30 p.m. The Lompoc Police Department released video footage of incidents preceding a fatal shooting by a police officer that occurred on December 28, 2023, at the Circle K convenience store on Ocean Avenue in Lompoc.
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