📉 Equity Markets:
🔻 The S&P 500 and Nasdaq Composite fell by 1.0% and 1.6% respectively, while the Dow Jones Industrial Average rose slightly by 0.3%.
💡 The tech sector experienced heightened volatility due to competition in AI technology.
📊 Economic Indicators:
👥 U.S. job creation slowed, with non-farm payrolls increasing by 143,000 (vs. 170,000 expected).
📉 The unemployment rate dipped to 4.0%.
💸 Average hourly earnings climbed by 0.5%, reflecting ongoing wage growth.
🏦 Central Bank Actions:
💰 The Federal Reserve kept rates steady at 4.25%–4.50% amid inflation concerns.
🇬🇧 The Bank of England lowered its rate from 4.75% to 4.5%, marking its third cut in six months as economic worries persist.
🪙 Commodity Markets:
💰 Gold reached new highs, trading above $2,800 per ounce, as investors sought safe-haven assets.
🪙 Cryptocurrency Developments:
📉 Bitcoin (BTC) hovered around $97,300, marking a 1.7% decline over the last 24 hours.
🚀 Altcoins like Cardano (ADA) and Dogecoin (DOGE) fell by 4% amid anticipation of U.S. payroll data.
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Weekly Market Round-Up: Key Events Recap was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.