Reported 20 days ago
The U.S. stock market saw mixed results on Friday, with the tech-heavy Nasdaq rising by 0.8%, driven by strong performances from major tech companies, while the Dow Jones Industrial Average fell by 0.3%. The latest jobs report showed that the economy added 227,000 jobs in November, slightly above expectations, and although the unemployment rate ticked up to 4.2%, the report has heightened expectations for a Federal Reserve interest rate cut later this month. The strong job numbers have kept traders optimistic about a potential quarter-point rate cut as analysts predict near 90% likelihood ahead of the Fed's meeting on December 18.
Source: YAHOO