US Stock Market Reacts to Weak Labor Data Ahead of Jobs Report

Reported about 1 month ago

On September 5, 2024, U.S. stocks fluctuated as investors analyzed disappointing labor market data, which contributed to a mixed outlook for interest rate cuts and economic health. The S&P 500 and Nasdaq experienced slight losses after private hiring growth dropped to its lowest since January 2021. Anticipation builds for Friday's jobs report, which could significantly impact Federal Reserve policy.

Source: YAHOO

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