Rate Hopes Dash Market Euphoria

Stocks initially soared on hopes of a December interest rate cut, but a strong jobs report dashed those hopes, causing a shift in investor sentiment. Despite impressive earnings from tech companies like Nvidia, investors moved towards more defensive stocks like Walmart, leading to a market rotation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.