Reported about 1 year ago
US stocks were on the verge of setting new all-time highs as investors reacted positively to the June jobs report, which exceeded expectations with the addition of 206,000 jobs but also saw the unemployment rate rise to 4.1%, its highest level since November 2021. The data fueled expectations for a September rate cut by the Federal Reserve, with traders now pricing in a 75% chance of a cut. The S&P 500 advanced 0.3% following the report, while the Dow Jones Industrial Average fell 0.2% and the Nasdaq Composite rose 0.3% on the strength of tech giants' gains.
Source: YAHOO