US stocks react to job growth slowdown
The US jobs report for June showed the addition of 57,000 jobs, falling short of the expected 110,000, while the unemployment rate decreased to 4.2% from the anticipated 4.3%. This led to mixed performance in the US stock market, with the Dow Jones rising by 0.72%, while the S&P 500 and Nasdaq experienced slight declines. The report is likely to prompt the Federal Reserve to adopt a more cautious approach in raising interest rates.
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