US: S&P 500, Nasdaq rise after jobs report lifts bets on early Fed rate cuts
March 8, 2024 / /
THE S&P 500 and the Nasdaq opened higher on Friday (Mar 8) after data showing a rise in the unemployment rate and moderation in wage gains boosted expectations that the Federal Reserve could begin cutting interest rates by the middle of this year.
The Dow Jones Industrial Average fell 14.55 points or 0.04 per cent at the open to 38,776.80.
The S&P 500 opened higher by 7.10 points or 0.14 per cent at 5,164.46, while the Nasdaq Composite gained 48.73 points or 0.30 per cent to 16,322.10 at the opening bell. REUTERS
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