With the government’s 100-day milestone and a 50 bps rate cut, retail investors are encouraged to invest in mutual funds, benefiting from high participation and optimized asset allocations for various risk profiles.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of