US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%
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US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%
US equity markets retreated to open the final trading month of the calendar year, with technology and cryptocurrency-related stocks under particular pressure - Dow fell -427-points or -0.90%. Merck & Co Inc (-2.81%) was the worst performer in the 30-stock index, while Amgen Inc (-2.31%) and McDonald’s Corp (2.06%) both fell over >2%.
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US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%