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S&P 500 (SPX)

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4,971.96
-39.16(-0.78%)
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S&P 500 Discussions

Historically stocks go up with unemployment rate since it can potentially increase profit: labour expenses usually account for around half of the total. The thing is, unemployment can also be an indicator of growth slowdown or decline. So basically we still have 2 polarised points of view (+profit/growth vs recession and therefore -profit); it just enhances them increasing volatility.
how does manufacturing output go up with less employees?
Absolutely, economy figures are ridiculously bad in all ways possible, but there are people out there that do believe in a full recovery of the economy. And the higher we go, the greater their sentiment gets.
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