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U.S. stocks rise after private sector jobs data, downward revision to Q2 GDP

Por: MarketWatch Business August 30, 2023

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What’s driving markets Investors were focusing on the private sector payroll data released on Wednesday, hoping evidence of a cooling labor market could support an eventual pivot to monetary easing by the Federal Reserve. Private sector payrolls in August, down from a revised 371,000 in the prior month, according to the payroll services firm ADP on Wednesday. Economists polled by The Wall Street Journal had forecast a gain of 200,000 private... + full article



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