Wall Street holds near its records following the latest report showing the U.S. job market is slowing – Pittsburgh Post-Gazette

Wall Street remained near record highs after a recent report indicated a cooling U.S. job market. While job growth is slowing, the overall economic picture remains resilient. This report suggests the Federal Reserve might be closer to pausing interest rate hikes, which investors interpret positively. The prospect of potentially lower rates can boost stock prices, hence the market’s steady position despite the labor market shift. However, a slower job market could also signal future economic challenges, creating a complex dynamic for investors to navigate.

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