Nasdaq and S&P 500 Reach Record Highs on Weak Labor Market Data
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#de6ef26b ver:0.29

The Nasdaq and S&P 500 hit record highs on weak labor market data, boosting expectations for interest rate cuts. Megacap stocks rallied, and the S&P 500 communication services sector reached its highest level since 2000. Dow Jones rose 0.17%, S&P 500 gained 0.54%, and Nasdaq advanced 0.90%. US job growth slowed in June, unemployment rate rose, increasing odds of Fed rate cuts in September and December. Major banks fell ahead of earnings reports, while Macy's surged after a higher bid for acquisition. #StockMarket #InterestRates #LaborMarket #EarningsReports...

#newstr #UsStockMarket #Nasdaq #S&p500 #LaborMarket #InterestRate 

 https://here.news/story/de6ef26b?ver=0.29