Equity Prices Recover as Bank of Japan Delays Rate Hike, U.S. Jobs Data Improves
Sectors & Industries
August 12, 2024
The bounce back in equity prices was pronounced after the Bank of Japan announced they would hold off on their rate hike until market volatility settled.
A better than expected Jobs report showed the unemployment claims falling from the previous week, calming the nerves of those crying recession early and the market rallied in response.
As a result, Japanese and global stocks rebounded. For the week the S&P 500 and Nasdaq ended flat.
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