✉news BusinessMarkets first seen 23 h ago, last 19 min ago, peak #1
Stocks rise as weak jobs data eases rate-hike fears
Original: Equities close higher as softer jobs data quiets rate-hike expectations
Equities closed higher after a softer US jobs report eased expectations of further interest rate hikes by the Federal Reserve. Investors read the cooling labour market as a sign that policy tightening may be nearly done, lifting risk appetite and sending major stock indexes up at the close.
Why now: The jobs report shifted expectations for the Fed's next rate decision, moving markets.
Federal ReserveUS stock market
Rank over time, top of the chart is #1. 18 snapshots from 23 h ago to 19 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/777500