[Breaking] New York Stock Market Rises on Wage Growth Slowdown... Nasdaq Up 2.56%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on the 6th (local time). Despite the December employment report released that day confirming strong employment, the rally was driven by a slowdown in wage growth.
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On that day, the Dow Jones Industrial Average rose 2.12% from the previous session to close. The large-cap-focused S&P 500 index increased by 2.28%, and the tech-heavy Nasdaq index closed up 2.56%.
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