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U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
S&P Kicks off H2 With Best Week Since Late April, Now Within Sight of 5,600 Points
This New S&P 500 Buy Signal Gives You Another Reason to Stay Bullish About Stocks
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SPDR S&P 500 ETF Options Spot-On: On July 5th, 6.34 Million Contracts Were Traded, With 17.24 Million Open Interest
On July 5th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 6.34 million options for the day, of which put options accounted for 55.76% of the total transacti
Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
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Benzinga Market Summary: Mixed Jobs Data, Tesla Continues Higher, Chinese EV Stocks Fall
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