Reported 25 days ago
On November 1, 2024, U.S. stock indexes, led by Amazon's strong earnings, rose after a weak jobs report increased expectations for an interest rate cut by the Federal Reserve next week. The S&P 500 gained 0.4%, while the Dow and Nasdaq also saw gains. Despite the positive market reaction, the jobs report revealed only 12,000 new jobs added, far below expectations, prompting concerns about a slowing job market. European markets showed gains, contrasting losses in much of Asia.
Source: YAHOO