US stocks erased early session gains on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest rate cut hopes and the health of the US economy. The S&P 500 dipped as much as 0.6%, while the Dow Jones Industrial Average fell more than 300 points, or around 0.9%. The tech-heavy Nasdaq Composite erased early morning gains to slip 0.1%.
Together, the jobs market data serves as an appetizer for Friday's main-course jobs report for August, crucial to the Fed's policy decision making and closely watched amid hopes for a "Goldilocks" economy. The market is torn between conflicting impulses as data releases paint a downbeat picture of the economy. Recent soft readings make the case for deeper rate cuts.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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