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Amit Kukreja, stock market analyst, observes that a robust jobs report has led to heightened concerns on Wall Street about inflation and the possibility of rate cuts.
Kukreja suggests market participants could be using the positive data as a pretext for a market pullback, especially given the timing ahead of the weekend. He also points out that oil prices are down but questions why markets appear particularly worried in this context.
Kukreja has previously tracked major corporate developments beyond macroeconomic data. He reported on Meta’s rollout of paid subscriptions worldwide on Instagram, Facebook, and WhatsApp. Earlier, he noted that Shopify increased its share buyback program by $3 billion, bringing the total authorization to $5 billion.