CNBC Daily Open: Jobs growth slowed down. Markets shot up
Publishing timestamp: 2023-08-31 02:00:02
Summary
UBS reported higher than expected profits in the second quarter, job growth in the US slowed, US stocks rallied on weaker-than-expected economic data, China's factory activity shrank but at a slower pace, and there is hope that the Federal Reserve might loosen its grip on monetary policy based on weaker economic data.
Sentiment: MIXED
Tickers: .SPX, .IXIC, .DJI, UBSG-CH,
Keywords: dow jones industrial average, markets, banks, federal reserve system, interest rates, nasdaq composite, prices, world markets, china, s&p 500 index, united states, inflation, business news, personnel, economic events, jobs, ubs group ag,
Source: https://www.cnbc.com/2023/08/31/stock-markets-jobs-growth-slowed-down-markets-shot-up.html