Markets Today: Stocks Rally as Concern Eases About Aggressive Fed

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Morning Markets March S&P 500 futures (ESH23) this morning are up +0.37%, and March Nasdaq 100 E-Mini futures (NQH23) are up +0.75%. U.S. stock index futures this morning erased overnight losses and are moderately higher after the U.S. Feb unemployment report showed an unexpected increase in the unemployment rate and weaker-than-expected hourly earnings, although payrolls showed a larger-than-expected increase. The payroll report dampened speculation that the Fed will accelerate its pace of interest rate hikes. The turmoil in the U.S. banking sector has fueled safe-haven demand for government …

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