US markets soar as strong jobs report boosts Wall Street confidence
1 year ago
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US markets experienced significant gains on Friday as Wall Street celebrated the debt ceiling bill and a robust monthly jobs report, revealing the addition of 339,000 jobs in May. Despite the surge in job gains exceeding expectations, traders project an increasing likelihood that the Federal Reserve will pause interest rates later this month, leading to positive market performance and the Dow's best one-day gain since January.
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