Friday trading on Wall Street finished in positive territory as a surprisingly weak U.S. labor report became the main catalyst for the session. Equities rose after the data disappointed expectations for job growth in July.
The U.S. economy lost 23,000 jobs in July, while the market had expected an increase of roughly 80,000 jobs. This shortfall was the key datapoint driving sentiment during Friday’s trading.
The unexpected weakness in the labor market dominated the newsflow and helped lift stocks during the session. #USJobs #WallStreet #LaborMarket #FiatNews
The U.S. economy lost 23,000 jobs in July, while the market had expected an increase of roughly 80,000 jobs. This shortfall was the key datapoint driving sentiment during Friday’s trading.
The unexpected weakness in the labor market dominated the newsflow and helped lift stocks during the session. #USJobs #WallStreet #LaborMarket #FiatNews