It’s another busy day on Wall Street. Here are three of the top stories to watch in Wednesday’s trading.
The US added 152,000 private sector jobs in May, according to the latest ADP report. That’s fewer than the 175,000 economists polled by Bloomberg were expecting. It’s giving investors some hope that the Federal Reserve will cut rates sooner than some have been expecting.
Alphabet (GOOGL, GOOG) announced Anat Ashkenazi, currently Executive Vice President and Chief Financial Officer at Eli Lilly (LLY), will be joining the company as its new CFO effective July 31. The tech giant announced last year that Ruth Porat would be stepping away from the role to become the company’s President and Chief Investment Officer.
Shares of Hewlett Packard Enterprise (HPE) are surging after reporting second quarter results that topped Street estimates and issuing better-than-expected Q3 and full-year guidance.
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This post was written by Stephanie Mikulich.
Video Transcript
Three things you need to know this Wednesday morning, your road map for the trading day.
Yahoo Finance JD, how he and Jared have more.
Good morning investors reacting to that latest jobs.
Data odds for frate cut this fall rights as softer than expected jobs data released this morning.
Fuel hopes the private sector 80 p jobs report showed 152,000 and jobs create in the month of may versus expectations of 100 and 75,000 on account of weaker hiring and manufacturing and leisure and hospitality sectors.
This report coming ahead of the government’s all important jobs report due out this Friday an alphabet appoints a new CFO.
The tech giant is tapping Eli Lilly’s Chief financial Officer Annette AJ Kazi who will put an end to her two decade long relationship with the Pharma giant to take on the role of CFO and senior vice president at both Google and Alphabet effective July 31st alphabet has announced that its current CFO Ruth Porat will start a new role as president and Chief investment Officer next month and we’re watching Chairs of Hewlett Packard Enterprise.
The stock is surging 15% in the pre market trading.
After seeing a strong revenue performance in the second quarter driven by strength and H PE SA I server sales H pe also issued optimistic guidance for the full year on the back of its results, stock is expected to post its best trading day since 2016.