Markets.News
On Tuesday, investors were surprised by significant changes in U.S. employment data. The Bureau of Labor Statistics revised down the number of nonfarm payroll jobs by 911,000 between April 2024 and March 2025. This adjustment indicated that the labor market had been slowing down earlier than expected by many in the finance industry. In response, UNH shares saw an increase. Following the data release, the markets experienced a brief dip, but major U.S. equity indices began to recover by midday in New York. The downward revision in payrolls is reinforcing the likelihood of the Federal Reserve initiating interest rate cuts. The S&P 500 was trading at around 6,500 points, up by 0.2% and only 0.5% below its peak. The Dow Jones Industrial Average also rose by 0.3% to 45,640 points, potentially setting a new record. Energy stocks performed well due to rising oil prices linked to geopolitical tensions involving Israel. More details on this development are available on Benzinga.com.