S&P Falls After Weak US Jobs Data, Gold Rises
Portfolio Pulse from Benzinga Newsdesk
The S&P 500 fell after weak US jobs data was released, while gold prices rose.
August 02, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The S&P 500 ETF (SPY) fell after weak US jobs data was released, indicating potential economic concerns.
Weak jobs data often signals economic slowdown, which negatively impacts stock prices, including the S&P 500 ETF (SPY).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Gold ETF (GLD) rose as investors sought safe-haven assets following weak US jobs data.
Weak jobs data often leads investors to seek safe-haven assets like gold, driving up the price of the Gold ETF (GLD).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100