"US Stocks Rise on Softening Jobs Market, Dow Jones Futures Break Out Past Buy Point"
TL;DR Summary
US stocks rose as investors reacted to data indicating a slowdown in the labor market, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posting gains. The ADP gauge on private payrolls missed expectations, revealing that 103,000 jobs were added in November. This follows Tuesday's soft reading on job openings, which increased optimism for a Federal Reserve interest rate cut. Bitcoin briefly surged past $44,000 before retracing its gains, as retail investors embraced hopes for rate cuts and upcoming spot bitcoin ETFs.
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