The S&P 500 closed at a record high on Friday as a soft jobs report eased concerns about interest rate hikes. This was reported by Qazaqyia.kz citing Reuters.
Weak employment data in the U.S. boosted investor expectations that the Federal Reserve will not tighten monetary policy. This led to optimism in the stock market, and the S&P 500 reached a new all-time high.
Market participants are now closely watching the Fed's decisions on interest rates at upcoming meetings. The soft jobs report could be seen as a sign of economic slowdown, which is likely to influence the central bank's policy.