Noting that new COVID-19 cases are"raging" in the US, FHN Financial's Chris Low warned that"job growth will be sluggish for the next 3 or 4 months, minimum."
Neil Wilson, chief market analyst at Markets.com, said the soft employment report"is seen as a positive for stocks since it ought to incentivize Congress to pass a stimulus bill this year."Meanwhile, the British pound gyrated as traders monitored the latest in months-long talks on a post-Brexit trade deal between London and the European Union .
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