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The Economic Times
The Economic Times
Business

US stocks today: US stocks rise as softer jobs data calms rate-hike fears

United States US Federal Reserve the Federal Reserve

Wall Street's main indexes rose on Thursday ​as a softer-than-expected employment report for June tempered expectations of interest rate hikes by the Federal Reserve.

The closely watched nonfarm payrolls report showed the U.S. economy added 57,000 jobs last month, compared with economists' estimates for a rise of 110,000. The unemployment rate was 4.2%, in line with ‌expectations of 4.3%.

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