Reported about 13 hours ago
Stocks ended lower on January 10, 2025, after a positive December jobs report, with Wall Street experts suggesting the data could prompt the Federal Reserve to reconsider its planned interest rate cuts. Glenmede's Jason Pride describes the market's reaction as using the labor data as an ‘excuse’ to pause trading, indicating that while the report is decent, the market tends to over-extrapolate recent data. He advises investors to diversify their portfolios to tap into broader opportunities beyond dominant growth stocks.
Source: YAHOO