Stock market news today: Investors weigh mega-cap earnings, jobs data

📆 04/08/2023 22:24:00
📰 BusinessInsider

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US stocks rise as investors digest mega-cap earnings and jobs report

The newest jobs report from the Labor Department showed 187,000 new non-farm payroll positions were created in July, below forecasts.

But the unemployment rate dipped to 3.5%, and average hourly earnings climbed 0.4%, more than forecasts, indicating more inflationary pressure that could keep the Federal Reserve hawkish.

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