The stock market’s Friday gains moderated in afternoon trading.
The Dow Jones Industrial Average and Nasdaq Composite are each up 0.8%, while the S&P 500 is up 0.5%. Al three indexes were more than 1% higher earlier in the session.
The October jobs report revealed just 12,000 jobs were added last month, well below expectations—and hundreds of thousands below September’s result. This data confirms that inflation can continue to moderate.
The Federal Reserve will probably cut interest rates this month, helping the economy continue to grow. The central bank’s policymaking arm is slated to meet Nov. 6 – 7 before making its latest rate decision.
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