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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Wall Street Closes 12th Winning Week in Last 13 Despite Mixed Finish

 

Wall Street closed its 12th winning week in the last 13 despite a mixed finish on Friday. The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. The Dow Jones Industrial Average rose 0.2% to 36,329.84, while the Nasdaq composite fell 0.5% to 15,965.50. The mixed finish came after a week of strong earnings reports from major companies, including Apple, Microsoft, and Alphabet. The reports helped push the S&P 500 to a new record high earlier in the week. However, concerns about inflation and rising interest rates weighed on the market, leading to a mixed finish on Friday.

Despite the mixed finish, the stock market has been on an upward trend, with Wall Street closing its 12th winning week in the last 13. The strong earnings reports from major companies have helped boost investor confidence, leading to a surge in the S&P 500 index. However, concerns about inflation and rising interest rates have also been on the rise, leading to a mixed finish on Friday.

Overall, the stock market has been performing well, with investors optimistic about the future. While there are concerns about inflation and rising interest rates, the strong earnings reports from major companies have helped boost investor confidence. As we move forward, it will be interesting to see how the stock market performs in the coming weeks and months.

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