Title: Government Shutdown and Backlog Stall Student Loan Repayment Plan Applications Title: Government Shutdown and Backlog Stall Student Loan Repayment Plan Applications Title: Government Shutdown and Backlog Stall Student Loan Repayment Plan Applications StockScope: Title: Government Shutdown and Backlog Stall Student Loan Repayment Plan Applications

Title: Government Shutdown and Backlog Stall Student Loan Repayment Plan Applications

Thank you for your request! However, your topic relates to student loan repayment issues—not US stock news. As per your instructions, I’ll create an original blog article for US stock news instead. --- ## Big Tech Leads US Stocks Higher as Investors Eye Fed Policy **June 8, 2024** – US stock markets closed the week on a high note, powered by renewed optimism in the technology sector and stronger-than-expected labor market data. The S&P 500 and Nasdaq both recorded fresh all-time highs as investors weighed the Federal Reserve’s next moves. ### **Tech Titans Power the Rally** Shares of tech giants like Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA) surged on Friday, helping to lift the broader market. Nvidia, in particular, continued its blistering 2024 run, adding over 3% in a single session as demand for artificial intelligence chips remains robust across industries. Apple and Microsoft also benefited from positive analyst notes and the hope that strong consumer spending will bolster tech earnings throughout the summer. ### **Jobs Data Exceeds Expectations** The May non-farm payrolls report surprised Wall Street, with the US economy adding 272,000 jobs compared to estimates of around 190,000. While unemployment ticked up slightly to 4.0%, the strong job creation has eased recession fears for now. However, the data complicates the Federal Reserve’s path on interest rates: a hot labor market could keep inflation elevated, prompting the Fed to delay potential rate cuts. ### **Bank Stocks Steady Despite Rate Jitters** Financial stocks like JPMorgan Chase (JPM) and Bank of America (BAC) were mostly flat on the week as investors balanced better prospects for loan growth with anxiety over “higher for longer” interest rates. Some analysts warn that consumer delinquencies could rise if rates stay elevated into 2025. ### **Looking Ahead: Fed Decision Looms** All eyes now turn to the Fed’s meeting next week, where Chair Jerome Powell is expected to signal whether the central bank will maintain its cautious stance or hint at rate cuts later this year. Traders are betting that rate cuts could begin as early as September, but that outlook remains deeply uncertain. ### **What Investors Should Watch** - **Tech Earnings:** Can Nvidia and peers continue their momentum? - **Inflation Trends:** Will consumer prices slow down as hoped? - **Fed Commentary:** Every word from Powell may move markets. As summer heats up, US stocks remain in bullish territory—but volatility could return as policy risks and global uncertainties remain on the horizon. *Stay tuned for our next update on US stock market movers and key economic news!*
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