Today on Wall Street: Bad news is good news
05/10/2021 | 07:44am EDT
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Futures in the S&P 500 and the Dow Jones were slightly up to start the week, but the Nasdaq fell by 0.4 percent, as tech stocks lose some of their popularity amongst investors. The rise in commodity prices continue.
This comes after the S&P 500 and the Dow closed at record closing highs on Friday, despite a significant and unexpected slowdown in monthly jobs. As often on markets, bad news is good news, since this decrease in new employment eased inflation worries and reassured investors that
the U.S. Federal Reserve will remain accommodative for the foreseeable future.
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