24 Hrs
Source:
Los Angeles Times
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US stocks rise amid job cuts
Stocks on Wall Street rose, with major indices reaching new records, after the government reported an unexpected decline of 23,000 jobs in the previous month. This weaker jobs data prompted a decline in Treasury yields, suggesting the Federal Reserve might pause rate hikes to support the economy. The report raised concerns about future economic growth amid a softer labor market, while corporate earnings remained strong and oil prices increased.
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