Reported 2 months ago
The stock market saw a significant rebound on Friday, with the S&P 500 and Nasdaq both rising nearly 0.5%, effectively wiping out much of the week's earlier losses. Following a turbulent week that included a major downturn on Monday, investors were reassured by positive labor market data. Despite closing the week in the red overall, the slight gains on Friday suggested a stabilization in the markets as traders remain optimistic surrounding potential upcoming interest rate cuts from the Federal Reserve.
Source: YAHOO