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Benzinga
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Dow Jumps 350 Points On Rate Cut Bets: Fear & Greed Index Remains In 'Neutral' Zone

1. S&P 500 rose 0.83% amid signs of labor market cooling. 2. ADP report showed only 54,000 jobs added in August. 3. Initial jobless claims rose to 237,000, exceeding expectations. 4. Positive gains in industrials and consumer discretionary sectors noted. 5. Fear & Greed index remained unchanged in the Neutral zone.

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FAQ

Why Bullish?

The increase in S&P 500 and Dow points reflects optimism on interest rate cuts, similar to past market reactions post-Fed easing.

How important is it?

Labor market indicators and Federal Reserve expectations are pivotal for S&P 500, influencing investor sentiment and potential interest rates.

Why Short Term?

Recent job data suggests imminent Fed action, influencing market dynamics rapidly, reminiscent of past cycles.

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