Wall Street stocks closed lower on Friday, despite strong US jobs data, due to investor concerns about the Federal Reserve delaying interest rate cuts.
Wall Street stocks closed slightly lower on Friday, despite strong US jobs data, as investors concerned the Federal Reserve may delay cutting interest rates due to a robust economy. The US economy added 272,000 jobs in May, exceeding the 185,000 forecasted, but the unemployment rate rose to 4%.
June 07, 2024
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