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Equities Blip Higher in Muted Reaction to Payrolls

DATA REACT
  • Markets had a generally muted response to the February payrolls release, with some brief strength noted in equities as the headline came in ahead of expectations, while the unemployment rate dropped below forecast. Some weakness noted in average hourly earnings, which countered the optimism in the headline metrics.
  • E-mini S&P added around 15 points in response, while Treasuries edged slightly higher, touching 128-11+ before fading.

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