US Stock Market Reacts to Strong May Jobs Report, Raises Concerns about Delayed Rate Cuts
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#f780011f ver:0.8
US stock market reacts to strong May jobs report, raising concerns about delayed rate cuts. Stocks wobbled as the economy added 272k jobs, surpassing expectations, but unemployment ticked higher to 4%. Optimists see solid payroll growth, while pessimists focus on the uptick in unemployment. The report puts a dent in the narrative of an imminent rate cut, with the market now anticipating cuts in 2024. Stocks trended in morning trading included GameStop, DocuSign, Lyft, and Vail Resorts. #StockMarket #JobsReport #RateCuts...
#newstr #UsStockMarket #MayJobsReport #FederalReserve #InterestrateCut
https://here.news/story/f780011f?ver=0.8
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2024-06-07 23:59:07
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2024-06-07 23:59:07Event JSON
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"content": "US Stock Market Reacts to Strong May Jobs Report, Raises Concerns about Delayed Rate Cuts\n===============\t\n#f780011f ver:0.8\n\nUS stock market reacts to strong May jobs report, raising concerns about delayed rate cuts. Stocks wobbled as the economy added 272k jobs, surpassing expectations, but unemployment ticked higher to 4%. Optimists see solid payroll growth, while pessimists focus on the uptick in unemployment. The report puts a dent in the narrative of an imminent rate cut, with the market now anticipating cuts in 2024. Stocks trended in morning trading included GameStop, DocuSign, Lyft, and Vail Resorts. #StockMarket #JobsReport #RateCuts...\n\n#newstr #UsStockMarket #MayJobsReport #FederalReserve #InterestrateCut \n\n https://here.news/story/f780011f?ver=0.8",
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