Goldman Says Jobs Data Could Spark Move Into Lower-Profit Stocks

By Yahoo! Finance | Sep 30, 2024 at 05:25 AM EST

Goldman Sachs predicts a US jobs report could prompt investors to shift from high-earning stocks to those with weaker earnings. Strong jobs data may reduce fears of a weakening labor market, causing a rotation towards lower-quality firms. Market focus is on the upcoming nonfarm payrolls report.

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