US Stock Market Reacts to Strong May Jobs Report, Raises Concerns about Delayed Rate Cuts
===============	
#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