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VERIFIEDET Markets·positive
US Stock Market: Soft US jobs data eases Fed rate fears, lifts market sentiment
AI Summary
- ·US jobs report showed slower-than-expected growth and downward revisions.
- ·This data has eased investor fears of persistent inflation and a hawkish Federal Reserve.
- ·Markets, especially tech stocks, are seeing relief due to reduced expectations for an imminent interest rate hike.