Is Fewer Jobs Data Increasing Odds of a Higher Rate Cut?

Team Veye | 09-Sep-2024

The S&P 500 suffered its worst weekly loss since March 2023 on Friday, with all US sectors moving lower except Real Estate, which too was up only marginally. S&P 500 lost 1.73 per cent to close at 5,408.42. Precipitated by tech stocks, Nasdaq Composite declined sharply by 2.55 per cent to end at 16,690.83. The Dow Jones Industrial Average shed 410.34 points, or 1.01 per cent to 40,345.41.

According to report from the Labor Department's Bureau of Labor Statistics,...

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