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in Economy

Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad

by Editor November 5, 2023, 4:07 am 1.9k Views

Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City.

Spencer Platt | Getty Images

Friday’s market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as it isn’t too bad.

Stocks rallied sharply after the Labor Department said nonfarm payrolls rose by 150,000 in October — 20,000 fewer than expected but a difference attributable pretty much completely to…

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Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad

Posted by Editor

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