WallStreet climbs as weak private jobs data boost rate cut hopes

The Dow Jones Industrial Average rose 207.39 points, or 0.82%, to 25,539.57, the S&P 500 gained 22.88 points, or 0.82%, to 2,826.15 and the Nasdaq Composite added 48.36 points, or 0.64%, to 7,575.48.

Wall Street’s major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.

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Posted in: Indian Market Tips