Dow Jones Industrial Average Gains 450 Points As Investors Up Rate Cut Bets After Softer NFP
May 03, 2024 at 22:30 PM EDT
The Dow Jones Industrial Average gained nearly 1.2% on Friday after a broad miss from US Nonfarm Payrolls) and other key labor data revealed a steep weakening in the US domestic economy, sparking increased bets of rate cuts from the Fed.
