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US Stocks Slide as Blowout Jobs Report Fuels Fed Rate Hike Bets

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US equity indexes dropped and Treasury yields climbed after August nonfarm payrolls surged by 162,000, almost triple expectations.
  • The blowout jobs report boosted market odds of a September Federal Reserve rate hike to 58%, pressuring stocks across major sectors.
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US100 price history

29446.98 +16.19% over the displayed period

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