✉news BusinessMarkets first seen 4 h ago, last 50 min ago, peak #21
US stocks climb near records as jobs report eases inflation fears
Original: U.S. stocks rise near their record after the latest jobs report eases worries about inflation
US stock markets rose close to their record levels after the latest jobs report was released, showing labour market conditions that eased investor worries about inflation. Traders took the data as a sign that price pressures may be cooling without a sharp deterioration in hiring, lifting major indexes and renewing optimism about the economic outlook.
Why now: The fresh jobs report suggested inflation pressures were easing, boosting investor sentiment and pushing stocks near record highs.
U.S. stock marketFederal Reserve
Evidence
- U.S. stocks rise near their record after the latest jobs report eases worries about inflation · Pittsburgh Post-Gazette
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