Stock market today: S&P 500, Nasdaq jump to fresh records as jobs report fuels bets for September rate cut
Why did Apple reject Epic Games' Europe store launch?
Apple rejected Epic Games' Europe store launch because it claimed the design and position of Epic's "Install" button was too similar to Apple's "Get" button, and the "In-app purchases" label was too similar to the App Store's "In-App Purchases" label3. Epic argued that Apple's rejection was arbitrary, obstructive, and in violation of the Digital Markets Act (DMA).
How much did the S&P 500 advance after the June jobs report?
The S&P 500 advanced around 0.6% after the June jobs report, which showed the US economy added 206,000 jobs, more than the 190,000 expected on Wall Street. This fueled bets for a September rate cut, pushing the index to a new record high.
What was the unemployment rate in the US as of June?
The US unemployment rate in June was 4.1%, which was higher than the forecasted 4.0% and marked a 2-1/2-year high. This increase in unemployment came as the US economy added 206,000 jobs in June, more than the expected 191,000. Government hiring accounted for over a third of the payroll gain6.