Stock Market Today: Indexes Gain After Solid Jobs Report

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Stock Market Today: Indexes Gain After Solid Jobs Report

//stocks-investing.news-articles.net/content/202 .. -today-indexes-gain-after-solid-jobs-report.html

Published in Stocks and Investing on Friday, December 6th 2024 at 23:42 GMT by Wall Street Journal

The article from The Wall Street Journal, dated December 6, 2024, discusses the latest U.S. jobs report and its implications for the stock market. Key points include a robust job growth with 199,000 jobs added in November, surpassing expectations, and a slight uptick in the unemployment rate to 3.8%. Wage growth slowed, which might ease inflation concerns. The Dow Jones Industrial Average, S&P 500, and Nasdaq all reacted positively to the news, with investors interpreting the data as a sign that the Federal Reserve might maintain current interest rates. Additionally, the report highlighted sector-specific job gains, particularly in healthcare and government, while manufacturing saw a decline. The market's response reflects optimism about a "soft landing" for the economy, balancing growth with inflation control.

Read the Full Wall Street Journal Article at:
[ https://www.wsj.com/livecoverage/jobs-report-stock-market-today-dow-nasdaq-sp500-12-06-2024 ]

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