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0.000927643784786551 -0.000132520540683874 -0.00132520540683817 0.000463821892393276 0.000397561622051433 0.00828518420355145 0.00821627352239584 0.0106811555791147
Stock impact report

US STOCKS-Wall St slips as strong jobs data tempers bets of aggressive rate cut [Reuters]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Reuters
Wall St. slips as strong jobs data tempers bets of aggressive rate cut - Reuters 3 Min Read (Reuters) - U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month. Nonfarm payrolls rose by 224,000 jobs last month, the most in five months, the Labor Department data showed. Economists polled by Reuters had forecast payrolls rising 160,000 in June. The closely watched employment report led investors to scale back bets of a 50 basis point rate cut by the central bank at its policy meeting on July 30-31. However, moderating wage growth and mounting evidence that the economy was slowing sharply could still encourage the Fed to cut interest rates by a quarter point. “It is still more likely than not that the Fed will cut rates but the odds have decreased somewhat,” said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. “The 50 basi Show less Read more
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