S&P 500 and Nasdaq rise after payroll revisions

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The S&P 500 and Nasdaq rose slightly in volatile trading as investors assessed a downward revision to U.S. jobs data and awaited the release of minutes from the U.S. Federal Reserve's latest meeting.

According to a report from the U.S. Department of Labor, the estimate for total employment between April 2023 and March 2024 has been revised downward by 818,000, down 0.5 percent from originally reported for that period, as the Federal Reserve prepares to begin cutting interest rates in September.

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