The S&P 500 and the Nasdaq inched up amid volatile trading, as investors assessed a downward revision in US payrolls data and awaited the release of minutes from the Federal Reserve’s latest policy meeting.
A Labor Department report showed an estimate for total payroll employment between April 2023 and March 2024 was lowered by 818,000, a 0.5 per cent drop from what was originally reported for the period, as the central bank gears up to start cutting interest rates in September.
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