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What Recession Fears? Stocks Are Up Again - WSJ

1. U.S. added 139,000 jobs, easing recession fears significantly. 2. Stock indexes rose; S&P 500 and Dow gained 1.5% and 1.2%, respectively. 3. Rick Rieder of BlackRock forecasts Fed interest rate cuts due to job data. 4. Investors are optimistic about economic stability; volatility index declined. 5. Robinhood shares surged 13%, reflecting increased retail trading activity.

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FAQ

Why Bullish?

The positive jobs report and potential Fed rate cuts could boost BLK's performance, similar to past reactions during economic recoveries.

How important is it?

The data connects to BLK’s investment outlook, influencing decisions on assets under management.

Why Short Term?

Immediate investor sentiment changes from the jobs report will likely impact BLK’s stock price shortly.

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