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Wall Street climbs after weaker than expected jobs data
Seeking Alpha • • business
Key Points:
- U.S. stocks opened higher on Thursday following weaker-than-expected June nonfarm payrolls data, which reduced expectations for additional Federal Reserve rate hikes.
- The NASDAQ Composite Index rose by 0.50%, the S&P 500 increased by 0.67%, and the Dow Jones Industrial Average also saw gains.
- The softer jobs report influenced investor sentiment, leading to optimism about a potentially less aggressive monetary policy stance from the Fed.
