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@isiaaq
Today’s Market Recap The U.S. stock market kicked off the second half with some fund rotation—Dow Jones climbed, boosted by healthcare and traditional sector stocks, while S&P and Nasdaq saw a short-term pullback. Risk appetite’s still hanging tough! June JOLTS job openings hit 7.32 million, slightly below expectations, signaling steady but not robust employment. Quit and hire rates are sluggish, hinting at weakness but no sharp downturn yet!
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The ISM Manufacturing Index came in at 48.5, still in contraction territory, but early signs of improvement in production and new orders are popping up. Manufacturing sentiment isn’t worsening—market’s holding steady, no deeper bearish turn yet! Powell says we’d have cut rates without tariffs, leaning dovish while still data-driven. Markets are heating up on a September rate cut, and the bond market’s reacting big time!
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