Stock Market Today: Dow, S&P Live Updates for May 10
Stocks are set to start the week steady in Asia after U.S. equities climbed to a record Friday as a weak jobs report eased fears about higher inflation and a cutback in stimulus. The dollar traded in tight ranges against major peers.
Energy markets will be in focus after the shutdown of a major pipeline following a cyberattack. Futures were modestly higher in Japan, while they earlier dipped in Australia and rose in Hong Kong. All major groups in the S&P 500 rose Friday, and technology stocks were also higher.
U.S. jobs rose by 266,000 in April, trailing the projected 1 million surge. For several analysts, the figures may give a boost to President Joe Biden’s $6 trillion economic agenda and another reason for the Federal Reserve to keep its accommodative stance. Treasury Secretary Janet Yellen said the report “underscores the long-haul climb back to recovery,” while retaining her…