Global stocks rise, dollar gains after report dims view of US jobs market

Market Overview - MSCI's global equity index rose by 2.22 points, or 0.23%, to 961.10, indicating a positive sentiment in the equity markets [6] - All three major U.S. indexes gained ground, with the S&P 500 reaching a record closing high of 6,512.61, up 17.46 points or 0.27% [5] - The Dow Jones Industrial Average increased by 196.39 points, or 0.43%, to 45,711.34, while the Nasdaq Composite also achieved a record closing high, climbing 80.79 points, or 0.37%, to 21,879.49 [5] Economic Indicators - The U.S. Labor Department reported a downward revision of 911,000 jobs created in the 12 months through March, suggesting a stall in job growth prior to the implementation of aggressive tariffs [1][2] - Despite the negative job report, expectations for the Federal Reserve to cut interest rates remained intact, with a 25 basis point cut being the primary bet [4] Investor Sentiment - Investors are closely monitoring upcoming inflation data, which is crucial for the Federal Reserve's policy decision on September 17 [2] - Julia Hermann, a global market strategist, noted that the market is digesting the idea that the economy is performing adequately with reduced job creation, supported by strong earnings and marginal Fed support [3]