Market Shrugs Off Record Jobs Revision Amid Dimon’s Warning; Apple Unveils iPhone 17 Series
Market Shrugs Off Record Jobs Revision Amid Dimon’s Warning; Apple Unveils iPhone 17 Series On Tuesday, major stock indices, including the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ), closed in positive territory, defying a significant downward revision in jobs growth and a cautionary outlook from JPMorgan CEO Jamie Dimon. The Bureau of Labor Statistics announced a record-breaking revision, cutting new jobs growth for the year ended March 2025 by 911,000, far exceeding expectations. This marks the largest percentage…