Mmastodon BusinessMarkets first seen 5 h ago, last 1 h ago, peak #3
Nasdaq Leads Stocks Higher as Hiring Softens
Original: Nasdaq Leads Stocks Higher as Hiring Softens https://www.wsj.com/finance/investing/nasdaq-leads-stocks-higher-as-hiring-
US stocks rose, with the Nasdaq leading gains, after a report showed US hiring slowed more than expected. Investors read the weaker jobs data as increasing the likelihood that the Federal Reserve will cut interest rates, supporting riskier assets like tech shares. The figures added to debate over whether the labor market is cooling gradually or weakening more sharply.
Why now: The jobs report shifted expectations for Federal Reserve rate cuts, moving markets.
NasdaqFederal ReserveUS labor marketWall Street
Evidence
- Nasdaq Leads Stocks Higher as Hiring Softens https://www.wsj.com/finance/investing/nasdaq-leads-stocks-higher-as-hiring-softens-9a254192?mod=rss_markets_main # Markets # Finance # Economy · wsj_markets@robot.villas · 4
API: https://socialmediatrends-api.osmike.com/v1/trends/806165