S&P 500 traders await the key NFP data SP500 Equities NFP
The S&P 500 gained 41.26 points, or 0.99%, to 4,221.09.The S&P 500 rallied to a nine-month closing high on Thursday. the sentiment was boosted on Wall Street as the slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates. Additionally, investors cheered a vote in Congress to suspend the US debt ceiling.
were supported by the expectations that the Federal Reserve might not hike interest rates when its policy committee meets later this month. The CME Fedwatch Tool shows a 75% probability the central bank will keep rates unchanged.report. ´´US payrolls likely slowed modestly in May, advancing at a still strong 200k+ pace for a second consecutive month. We also look for the Unemployment Rate to stay unchanged at a historical low of 3.4%, and for wage growth to print 0.
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