Rate Hopes Dash Market Euphoria

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Stocks initially soared on hopes of a December interest rate cut, but a strong jobs report dashed those hopes, causing a shift in investor sentiment. Despite impressive earnings from tech companies like Nvidia, investors moved towards more defensive stocks like Walmart, leading to a market rotation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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