The latest U.S. labor market report showed a remarkable rise in non-farm payrolls in May, with a surprising gain of 339,000. This marks the strongest pace of employment growth since January 2023. This surprising jump also bucked projections of a decline in job growth to 180-190,000 the revised April result of 294,000, signaling healthy employment conditions overall.
The first quarter of 2023 was positive for the U.S. stock market as a whole, with the S&P 500 index faithfully tracked by the SPDR S&P 500 ETF Trust, rising by 6%. Nevertheless, there are some differences in performance within sectors, with technology represented by the Technology Select Sector SPDR Fund up 19% and substantially outperforming the financial sector represented by the Financial S...
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