In a surprising turn of events, the US economy added 275,000 jobs last month, exceeding economists’ expectations of 200,000. Despite this positive news, the unemployment rate rose to 3.9%, and wage growth slowed more than anticipated.
Investors are now eagerly awaiting news from the Federal Reserve, with hopes that they will begin cutting rates later this year due to the sluggish wage growth. On Wall Street, shares of tech giant Nvidia are slumping, impacting the tech-heavy Nasdaq.
Meanwhile, trending tickers on Yahoo Finance include bitcoin, Costco Wholesale, and Advanced Micro Devices. The top guests on the news program today include experts from RSM, KeyBanc Capital Markets, Mizuho Americas, and J.P. Morgan Asset Management.
It remains to be seen how the economy will continue to perform in the coming months, but these latest developments have certainly caught the attention of investors and economists alike. Stay tuned for more updates on MazMessenger.
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