HighPositive
Announced Thu, 2 Jul · 19:05 IST

US stocks today: US stocks rise as softer jobs data calms rate-hike fears

Price reaction · full curve

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AI summary

US nonfarm payrolls rose by 57,000 in May against estimates of 110,000, with unemployment at 4.2%. Softer jobs data eased rate-hike fears, sending the Dow up 0.86 percent, S&P 500 up 0.67 percent and Nasdaq up 0.56 percent. Odds of a rate hike this year fell to 76 percent from 84 percent before the report, though Middle East tensions and AI trade uncertainty remain key risks.