22 Hrs
Source:
الاقتصادية
Wall Street declines amid employment figures
Wall Street indices declined primarily after the release of strong employment data in May, which showed an increase of 172,000 jobs—far above the expectations of only 85,000 jobs. This raised the chances of the Federal Reserve raising interest rates by 25 basis points before the end of the year, as investors’ hopes shifted toward potential tightening of monetary policy amid concerns about inflation and the effects of the global conflict. The technology and chip sectors were affected, while CooperVision’s stock rose. Meanwhile, the market remained influenced by political tensions surrounding the demands of agreements with Iran.
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