Published: Jan 11, 2025, 05:15 IST | Updated: Jan 11, 2025, 05:15 IST
World Business Watch Jan 11, 2025, 05:15 IST
Wall Street stocks take a hit after jobs data
Yet another upside surprise on US Jobs intensifies the belief that federal reserve officials are under no pressure to cut interest rates anytime soon.
That good news for the economy is likely to be bad news for stocks.