Tuesday, November 1, 2022

Stocks rally with jobs data, Federal Reserve in focus

  • Stocks rally with jobs data, Federal Reserve in focus

    U.S. stocks kicked off the new month on a positive note as investors celebrated solid earnings from both Pfizer and Uber while also looking ahead to an expected rate hike by the Federal Reserve on Wednesday. In commodities, oil rose over 2% to the $88 per barrel level.

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