‘Absolutely delight them’

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A dud of a jobs report jolted U.S. equities. Employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness. Nonfarm payrolls rose 75,000, missing estimates of 175,000. The unemployment rate held at a 49-year low of 3.6%. Traders are now fully pricing in a July rate cut from the Fed.