"Surprise Drop in US Unemployment Boosts Stock Market Today"

1 min read
Source: Yahoo Finance
"Surprise Drop in US Unemployment Boosts Stock Market Today"
Photo: Yahoo Finance
TL;DR Summary

Stocks were little changed on Friday as investors analyzed the US monthly jobs report, which showed a surprise drop in the unemployment rate to 3.7% in November. The report indicated that the labor market may not be cooling as quickly as expected, potentially influencing the Federal Reserve's decision on interest rates. Meanwhile, the UK antitrust regulator is considering a probe into the partnership between Microsoft and OpenAI. In other news, Paramount shares surged after reports of a potential acquisition, Warner Bros. Discovery signed a deal with A24, Broadcom reported strong Q4 results, and Lululemon initially lost steam but gained momentum following an earnings report.

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