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Stock Market Hits Pause as Investors Eye Jobs Data; Bitcoin Surges Past $100,000

                                         US stock futures stalled on Thursday as investors awaited fresh jobs data, causing the Nasdaq, Dow, and S&P 500 to hit a pause on their recent rallies. Meanwhile, Bitcoin continued its impressive run, surpassing the $100,000 mark. Market Movements Dow Jones Industrial Average (YM=F): Futures were little changed, signaling a pause in the record-setting rally that saw the Dow close above 45,000 for the first time. S&P 500 (ES=F): Contracts hovered below the flat line, with investors counting down to Friday's monthly jobs report. Nasdaq 100 (NQ=F): Also saw little movement, with futures hovering below the flat line. Bitcoin's Surge Bitcoin (BTC-USD) reached around $102,500 after breaking through the key $100,000 level late on Wednesday. This surge is driven by hopes for a crypto-friendly administration under President-elect Donald Trump, ...
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Strong Job Growth in May Despite Slight Unemployment Increase

 

The U.S. economy added an impressive 272,000 jobs in May, surpassing economists’ expectations. However, the unemployment rate ticked up slightly to 4% from the previous month’s 3.9%. This unexpected surge in job creation highlights the Federal Reserve’s challenge in managing interest rates. While the overall economy remains resilient, inflation pressures persist. Wages also saw a positive trend, increasing 4.1% year over year. Despite these gains, the Fed faces a delicate balancing act. 


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