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Dow Drops 270 Points as Blockbuster Jobs Report Ignites Fed Rate Hike Fears

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

News Summary

  • U.S.
  • stocks fell as August nonfarm payrolls surged by 162,000, tripling expectations.
  • The robust labor market and 4.1% unemployment rate lifted expectations for Federal Reserve interest rate hikes to 58%, sending the Dow Jones Industrial Average down 0.51% amid renewed monetary tightening worries.
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US30 price history

52573.29 +13.19% over the displayed period

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