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EN590 Commodities GroupMarket Analysis 2026-08-07T15:20:41+00:00
US stocks glided higher as investors digested a surprise decline in job growth and its implications for the Federal Reserve's interest rate policy decisions. The Dow Jones Industrial Average (^DJI) edged up by 0.3%, while the S&P 500 (^GSPC) gained 0.5%. The Nasdaq Composite (IXIC) rose 1.1%after a mixed day in markets. Attention turned tothe July jobs report, which showed the US economy unexpectedly lost 23,000 jobs, while the unemployment rate ticked down slightly to 4.1%. Economists surveyed by Bloomberg expected 80,000 jobs to be added and unemployment to be 4.2% in the month. While discussions around inflation and furious AI investment have overshadowed the largely stable labor market in recent months, Friday's report offers a key input for the Federal Reserve as it weighs an interest
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.