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View Full Version : Dow up around 270 points as disappointing jobs report fuels hopes of a Fed rate cut



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06-07-2019, 10:20 AM
Dow up around 270 points as disappointing jobs report fuels hopes of a Fed rate cut

U.S. stocks rallied Friday, following a weaker-than-expected jobs report, which supports the case for the Federal Reserve to ease interest rates in the near future, amid fears that the U.S. economy is decelerating as trade tensions between the U.S. and counterparts Mexico and China persist. The Dow Jones Industrial Average (DJIA) rose 271 points, or 1.1% , at 25,997, while those for the S&P 500 index (SPX) gained 33 points, or 1.2%, at 2,876, and the Nasdaq Composite index (COMP) advanced 119 points to 7,734, a gain of 1.6%.

https://finance.yahoo.com/m/84c0373f-d484-3df6-944f-45361a6fc3db/dow-up-around-270-points-as.html?.tsrc=rss