Wall Street ends muted after strong jobs data nibbles at Fed rate cut bets

Wall Street's three main indexes had started the session on a strong note, with the S&P 500 and the Nasdaq hitting their highest level in more ‌than a week after ⁠the closely ⁠watched payrolls report showed much faster than expected U.S. job growth in January while the unemployment rate fell to 4.3%.However, gains subsided as traders dialed back on bets for rate cuts. While traders are ​still banking on at least one 25-basis-point cut in June, the probability that rates would hold steady that month crept u ...