Sabrina Fernandes holds her baby at her house, in the Perpetuo Socorro neighborhood, in the city of Macapa, state of Amapa, northern Brazil, Friday, Sept. 9, 2022. (AP Photo/Eraldo Peres)
Health care stocks also fell Thursday after the Centers for Medicare & Medicaid Services said it was immediately expanding its auditing of Medicare Advantage plans. UnitedHealth Group fell 2.1% and Humana lost 7.6%.Wall Street had several economic updates on Thursday.
The number of Americans filinglast week fell slightly. The broader employment market has, though businesses remain worried about the economic uncertainty amid a trade war.
The market had briefly turned higher earlier in the day following a better-than-expected report on manufacturing and services in the U.S. The survey from S&P Global showed growth for both areas in May following a sluggish April.“Business confidence has improved in May from the worrying slump seen in April, with gloom about prospects for the year ahead lifting somewhat thanks largely to the pause on higher rate tariffs,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
The report also reflected the impact of the trade war on supply chains, prices and concerns about the economic picture moving forward. New orders from businesses were the big driver for the improvement, but much of that was from businesses trying to get ahead of a potentially hefty round of tariffs that could hit the economy in July.
“Concerns over tariff-related supply shortages and price rises led to the largest accumulation of input inventories recorded since survey data were first available 18 years ago,” Williamson said.Bobby Miller was optioned to Triple-A Oklahoma City and fellow right-hander J.P. Feyereisen was designated for assignment to clear a spot on the 40-man roster.
Miller pitched two innings in relief during Saturday night’s 5-2 loss to the Mets after getting recalled from the minors earlier in the day. He allowed one run and three hits with one walk.The 34-year-old Stratton is 41-27 with a 4.63 ERA in 371 games, including 42 starts, over 10 major league seasons with San Francisco (2016-18), the Los Angeles Angels (2019), Pittsburgh (2019-22), St. Louis (2022-23), Texas (2023) and Kansas City (2024-25). He won a World Series title in 2023 with the Rangers.
NEW YORK (AP) — The Federal Reserve’sof the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.