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Message: [QUOTE="Resolve, post: 240283, member: 29339"] [B][SIZE=5]S&P 500 Index Drops to 2-Month Low[/SIZE][/B] [img]https://i.imgur.com/yBeP1O8.png[/img] On Friday, the US unemployment data was released, as reported by ForexFactory: → The unemployment rate dropped from 4.2% to 4.1%; → The number of new jobs (Non-Farm Employment Change) increased by 256,000 over the month, although analysts had forecast an increase of 164,000 (previous value = 212,000). According to Reuters, the strong labour market data strengthened the market participants' view that the Federal Reserve will be cautious in cutting interest rates in 2025. Based on CME Group’s FedWatch tool, traders expect the Fed to reduce borrowing costs for the first time in June and then keep it at that level for the remainder of the year. Expectations that tight monetary policy will persist longer than usual have led to bearish sentiment. As a result, the S&P 500 index (US SPX 500 mini on FXOpen) dropped below the 5,800 mark this morning, its lowest point since early November. [img]https://i.imgur.com/f8abAqg.jpeg[/img] [B][URL="https://fxopen.com/blog/en/oa-s-p-500-index-drops-to-2-month-low/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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