Reported 20 days ago
US stock markets experienced a slight rise following the latest jobs report, which indicated the economy added 227,000 jobs in November, surpassing expectations. While the Dow Jones Industrial Average increased by about 0.1% and the S&P 500 rose 0.4%, the unemployment rate unexpectedly ticked up to 4.2%. Analysts interpret the report as sufficient to keep the Federal Reserve on track for a potential interest rate cut later this month, with traders now anticipating a 91% likelihood of a quarter-point reduction.
Source: YAHOO