Markets undeterred by jobs revisions, Zoom earnings beat: Market Domination Overtime

Major US indexes (^GSPC, ^DJI, ^IXIC) closed out Wednesday trading in positive territory with the Nasdaq Composite taking the lead and rising by 0.57%. Although the US Labor Department revealed that, for the 12 months through March 2024, 818,000 fewer jobs were created than expected, markets continue to persist.

State Street Global Advisors global chief investment officer Lori Heinel joined to give insight into what the revised labor data may mean for the Federal Reserve and its rate cut path.

Zoom Video Communication (ZM) reported second quarter results that topped Street estimates on both the top and bottom lines and issued upbeat forecasts. In addition, the company announced CFO Kelly Steckelberg is leaving.

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