Jobs Report Rescues Stocks After Tech Rout — SkimNews
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- U.S. stocks recovered after a brutal tech rout, reversing course following the earlier market losses.
- A blowout jobs report rescued stocks from the brutal tech rout; the Dow wavered while the S&P 500 and Nasdaq bounced.
Why it matters: For investors, the clearest immediate catalyst was the blowout jobs report, which helped rescue stocks from the rout; the Dow’s wavering shows the rebound was uneven, with the S&P 500 and Nasdaq bouncing more clearly across the indexes that week.
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