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Dow Slumps 250 Points as Hot Jobs Report Fuels Fed Rate Hike Bets

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • stocks dropped as a hotter-than-expected August jobs report showed 162,000 jobs added, tripling expectations.
  • The Dow Jones fell 250 points as traders increased bets on an upcoming Federal Reserve interest rate hike to 60%, pushing short-term Treasury yields higher alongside record diesel prices.
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US30 price history

52421.20 +11.27% over the displayed period

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