Upbeat US Payrolls Lift Rate Hike Hopes
JeannetteW34Upbeat US job data lifted sentiment, with the S&P 500 index trading above its record closing at some points. Wall Street rallied on Friday with S&P 500 closing at 2129.9, up +1.5% while DJIA adding +1.4%. If the July report is able to keep the momentum, the employment growth development would confirm that recession risk is reduced in the US.
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Upbeat US Payrolls Lift Rate Hike Hopes
