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Wall Street rises modestly after labor data
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Wall Street rises modestly after labor data
Jun 4, 2025 1:52 PM

Most US stock indices gained ground today as investors assess latesr data and trade developments.

ADP data showed the US private sector added 27 thousand new jobs in May, the lowest since March 2023, and sharply below the 110 thousand expected by analysts.

US President Trump commented on the data by calling on Fes Chair Jerome Powell once more to cut interest rates, noting that Europe cut interest rates nine times so far.

It comes ahead of the crucial payrolls report on Friday, expected to show the addition of 125 thousand new jobs in May.

On trading, Dow Jones rose 0.1% as of 15:44 GMT to 42552 points, while SP 500 rose 0.2% to 5980 points, as NASDAQ added 0.2%.

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