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June jobs report comes in stronger than expected — tanking hopes that the Fed will cut rates this month

1. U.S. job growth in June exceeded expectations with 147,000 new jobs. 2. Unemployment rate fell to 4.1%, signaling labor market strength. 3. Interest rate cuts by the Fed seem less likely in the near term. 4. S&P 500 showed gains post-report, amid strong job creation. 5. High market valuations raise concerns as earnings season approaches.

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FAQ

Why Bullish?

Strong job growth supports economic stability, reducing rate cut speculation. Historical context shows similar job reports correlated with S&P rises.

How important is it?

The job report significantly influences market perception of economic health, directly impacting S&P performance.

Why Short Term?

Immediate reaction from the market follows the job report; ongoing earnings season may shift focus.

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