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US stocks open higher to extend post-jobs data rally

US stocks ticked higher, while Treasury yields were flat, as investors weighed last week’s soft jobs report and the potential effects on Federal Reserve policy.

The blue-chip S&P 500 was up 0.6 per cent shortly after Wall Street’s opening bell on Monday, while the tech-heavy Nasdaq Composite rose by a similar amount. A rise in both indices Monday would extend last week’s rally, that was triggered by US jobs data for April, which showed that hiring had slowed and unemployment had ticked up.

Investors are currently betting that the Fed will cut interest rates between one and two times this year with reductions beginning in November.

Àlvaro Escreveu:Olha para o SPx e vejo forte possibilidade de alcançar os 5200. Por certo tentarão, veremos se à primeira.