US equity markets extended their recovery on Friday, with the S&P 500 and Nasdaq Composite posting gains after data revealed the US economy unexpectedly shed jobs last month.
The Dow Jones Industrial Average slipped 0.07%, while the S&P 500 rose 0.33% and the Nasdaq Composite advanced 0.71% in the session.
6% after a softer-than-expected June jobs report initially tempered expectations for aggressive policy moves.
The labor market weakness has intensified market skepticism regarding a potential interest-rate hike by the Federal Reserve in September.
Investors are increasingly pricing in a pause or cut, shifting focus from inflation concerns to growth risks.
This repricing follows a broader trend of cooling expectations for further tightening by the central bank.
The rally builds on Thursday’s gains, when the S&P 500 climbed 0.6% after a softer-than-expected June jobs report initially tempered expectations for aggressive policy moves.