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Dow Soars 500 Points as Traders Cheer Jobs Data—Proving Wall Street Still Bets on Main Street Pain
Dow Soars 500 Points as Traders Cheer Jobs Data—Proving Wall Street Still Bets on Main Street Pain
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Another day, another market rally built on the backs of labor stats. The Dow's rocket ride comes as traders digest fresh employment figures—because nothing juices stocks like parsing whether Americans are just employed enough to keep spending, but not so employed that the Fed gets trigger-happy.
Funny how 'good news' for the economy often means bad news for workers' bargaining power. But hey—at least your 401(k) gets a sugar high while wages play catch-up.
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