✉news BusinessMarkets first seen 3 h ago, last 3 h ago, peak #1
Nasdaq hits record high as jobs data eases rate fears
Original: Nasdaq climbs to record after softer jobs data cools rate-hike expectations
The Nasdaq climbed to a record high after new US jobs data came in softer than expected, easing concerns that the Federal Reserve will keep raising interest rates. Investors interpreted the weaker labor market reading as a sign that monetary policy could loosen sooner, lifting technology stocks and driving the index to an all-time closing high.
Why now: Softer US jobs data shifted expectations for future Federal Reserve rate hikes, moving markets.
NasdaqFederal ReserveUnited States
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/770167