Reported about 1 year ago
U.S. stocks set more records as hopes rise for interest rate cuts, with S&P 500 climbing 0.5% and Dow Jones Industrial Average rising 0.2%. Bond market saw Treasury yields drop after U.S. jobs report indicated a slowdown in growth, reinforcing belief in an interest rate cut by the Federal Reserve. Data shows a slowdown in the U.S. economy, leading to market expectations of rate cuts later in the year. The report also impacted gold prices and stock markets abroad, with London's FTSE 100 falling amid changes in U.K. leadership.
Source: YAHOO