Markets rallied early before giving back some gains as a softer-than-expected June jobs report reshaped the macro narrative.
Markets stumbled Tuesday as investors rotated out of mega-cap tech into value and cyclical names, dragging the S&P 500 and Nasdaq lower.
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Stocks rebounded with support from unexpectedly strong manufacturing data, halting a recent losing streak.
Markets ended the week on a volatile note as President Trump’s nomination of Kevin Warsh to succeed Jerome Powell as Fed Chair jolted rate expectations and triggered the biggest dollar rally since May.
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