Stocks hit record, US dollar strengthens after jobs data

Business

NEW YORK :Global stocks climbed to a record for a second straight session on Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly. The Labor Department said nonfarm payrolls increased by 147,000 jobs last month after an upwardly revised 144,000 advance in May, well above the 110,000 estimate of economists polled by Reuters. Markets dialed back expectations for rate cuts this year from the U.S. Federal

Stocks hit record, US dollar strengthens after jobs data https://www.channelnewsasia.com/ - 03.07.2025 22:17

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Stocks hit record, US dollar strengthens after jobs data https://www.channelnewsasia.com/ - 03.07.2025 22:17