Markets.News
Wall Street may be entering a scenario where negative news could actually have a positive impact, as declining labor market figures increase the likelihood of upcoming interest rate cuts. This could potentially fuel stock market gains and push indices to new record highs. Following a slight dip from last week's peak, the S&P 500, monitored through the Vanguard S&P 500 ETF (NYSE: VOO), has rebounded strongly and is currently just 0.5% below its all-time high. Investors seem poised to view weak job statistics favorably, anticipating the Federal Reserve's potential shift towards easing monetary policies as soon as this month. The labor market's current state is concerning - July's official jobs report revealed only 73,000 new jobs created, significantly below the necessary monthly threshold for sustainable employment growth. Analysts expect another disappointing report in the upcoming non-farm payrolls release, with a consensus projecting 75,000 new jobs in August. Recent private payrolls data from the ADP National report... (The rest of the information is available on Benzinga.com)