Hot jobs report rallies stocks 🔥

A stronger-than-expected March hiring report sent stocks higher on Friday, despite concerns about its impact on the outlook for interest rates.                                                                                                                                                                                                                                                                                                                                                                                                                 April 05, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks rallied on Friday in response to stronger-than-expected March jobs data, despite concerns that a hot hiring market could dissuade the Fed from cutting rates in the imminent future. - DJIA [+0.8%] - S&P 500 [+1.1%] - Nasdaq [+1.2%] - Russell 2K [+0.4%] [Eye-Popping 96% Win Rate for Simple Options]( When smart traders win 96% of their options trades... with this simple system... Could this be the easiest trading system ever? It's not complicated. It's not some weird AI indicator. It's not about spending hours glued to a trading chart. Instead, it's a system that wins 96% of the time. [Click here to be one of 37 traders today to see how this is done.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 🧳 March Jobs Report & Its Implications for Rate Cuts March witnessed a robust addition of 303,000 jobs, significantly exceeding the anticipated 200,000, marking a continuation of the economy's strong labor performance. This growth spans across sectors from healthcare and government to the more variable fields of construction, retail, and hospitality. Earnings Growth Slows 👷‍♂️ Despite the employment boom, the increase in average hourly earnings decelerated to 4.1% year-over-year in March, the slowest pace since mid-2021. Workforce Expansion 🧐 Two main theories emerge to explain the labor market's ability to grow without spurring wage inflation: increased immigration enhancing worker supply and greater labor market participation, possibly driven by more adaptable work environments. Supporting the latter, the workforce participation rate climbed to 62.7%, reaching its highest since November. Fed's Balancing Act ⚖️ While the strong job growth challenges the immediate need for interest rate reductions by the Federal Reserve, the slowdown in wage increases and higher labor participation provide a nuanced view. These factors combined suggest that inflation risks may not intensify, leaving some room, albeit limit Top Winners and Losers 🔥 Mediaco [MDIA] $3.88 (+177.1%) rallied after General L.P. disclosed a 95.2% stake in radio station operator in a late-Thursday Schedule 13D/A filing. 22nd Century Grp [XXII] $3.56 (+140.5%) signed a “large new CMO customer” to a contract that will boost its CMO unit’s sales volume by upwards of 20%. Better Choice [BTTR] $7.74 (+81.0%) appointed a new board chairman and appointed CEO Kent Cunningham as a company director. XTI Aerospace [XTI] $2.78 (26.8%) continued to slide after the company delayed its annual report submission on Wednesday. HWH Intl. [HWH] $1.59 (30.8%) suffered steep losses after an unexplained rally on Thursday. NewGenIVF [FAAS] $1.00 (33.3%) fell for the second day in a row after closing on its merger with A SPAC I on Wednesday. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America [[beehiiv logo]Powered by beehiiv](