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S&P 500, Nasdaq edge up after payrolls revisions

The S&P 500 and the Nasdaq inched up amid volatile trading, as investors assessed a downward revision in US payrolls data and awaited the release of minutes from the Federal Reserve’s latest policy meeting.

A Labor Department report showed an estimate for total payroll employment between April 2023 and March 2024 was lowered by 818,000, a 0.5 per cent drop from what was originally reported for the *******, as the central bank gears up to start cutting interest rates in September.

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#Nasdaq #edge #payrolls #revisions

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