Wall St. gains as weak private jobs data raises rate cut bets

News June 5, 2019 No Comments

Wall St. gains as weak private jobs data raises rate cut bets

NEW YORK: Wall Street’s major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and on optimism the United States and Mexico would reach a agreement and avoid U.S. tariffs on Mexican goods.

The Dow Jones Industrial Average rose 207.19 points, or 0.82per cent, to 25,539.37, the S&P 500 gained 22.86 points, or 0.82per cent, to 2,826.13 and the Nasdaq Composite added 48.36 points, or 0.64per cent, to 7,575.48.

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(Reporting by Sinéad Carew; Editing by Phil Berlowitz)

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