Nasdaq Gains Over 300 Points; US Employers Cut 23,000 Jobs In July
US stocks higher, Nasdaq up 300 pts. Dow +0.3%, Nasdaq +1.2%, S&P 500 +0.58%. Materials and Doximity Inc surge. Nonfarm payrolls contract, unemployment rate at 4.1%. Oil +0.5%, gold +2.4%, silver +3.5%. European shares higher, Asian markets mixed.
Stock markets went up today even though fewer jobs were created last month. When the job market slows down but stocks rise, it might mean investors think the economy will get easier, not harder.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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