US EditionDow, S&P 500, Nasdaq Hit Record Highs After Weak U.S. Jobs Report Spurs Interest Rate Cuts Odds
Traders expect a Federal Reserve rate cut in September amid signs of a cooling labor market, with nonfarm payrolls growth forecasted at 75,000, the weakest since the pandemic.
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Dow, S&P 500, Nasdaq hit record highs after weak U.S. jobs report spurs interest rate cuts odds
Bad news is good news?
US shares rose sharply on Friday, after a weaker-than-expected employment report reinforced investors' confidence that the Federal Reserve will cut interest rates imminently.The weakening of the labour market, visible in the week's data, has consolidated expectations of monetary easing.The main stock exchange indices reacted positively to the news. The S&P 500 (^GSPC) rose by 0.4%, reaching a new historic closing peak.The Dow Jones Industrial Av…
S&P 500 Hits All-Time High Before Key Jobs Report: Markets Wrap
(Bloomberg) -- Wall Street traders gearing up for Friday’s jobs report got a trio of data that reinforced the view of a cooling labor market, keeping bets on Federal Reserve rate cuts alive while driving stocks and bonds higher.
S&P 500 Rallies to High Ahead of Jobs Report. Traders Are Almost Certain of a Rate Cut.
The S&P 500 closed at a record on Thursday after the latest wave of labor market data cemented bets on a September rate cut with a major August nonfarm payrolls report on tap. The market benchmark rose 0.8% to mark its 21st closing high of the year, based on preliminary figures. The Dow Jones Indus
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