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Market Movements: Healthcare and Mining Sectors in Focus Amid Tepid Job Growth
Market Movements: Healthcare and Mining Sectors in Focus Amid Tepid Job Growth
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BTCCSquare news:
U.S. equities showed minimal movement at midday Tuesday as weaker-than-expected job growth data fueled speculation of aggressive Federal Reserve rate cuts. UnitedHealth Group led gains in the Dow and S&P 500, buoyed by optimistic Medicare Advantage projections. Meanwhile, Freeport-McMoRan declined following a seismic $53 billion copper mining merger between rivals Anglo American and Teck Resources.
Tech shares edged higher as AI infrastructure plays Nebius Group and CoreWeave capitalized on strategic partnerships. Microsoft's $19.4 billion cloud deal and new AI venture initiatives underscored the sector's momentum. Media stocks Fox and News Corp underperformed in a risk-off environment.
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