Jobs report boosts investor confidence in rate cut – S&P 500 hits record close
New York, NY – Stocks experienced a shift in direction during afternoon trading on Friday, losing momentum after a strong rally led by prominent tech companies. The February jobs report also played a role in the market movement, showing an increase in the unemployment rate. This data boosted investor confidence in a potential rate cut by the Federal Reserve following its June meeting. The S&P 500 hovered near the flatline after achieving another record close …