S&P, Nasdaq tick up as downward payrolls revisions boost rate-cut hopes

By X-blogger - on August 22, 2024
USA 500 Daily Chart

The S&P 500 and the Nasdaq edged up as a sharp downward revision in U.S. jobs data for the year ended March 2024 indicated a slowdown in the labor market, propping up hopes the Federal Reserve would cut interest rates next month.

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