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S&P 500 Drops as Robust Jobs Data Fuels Fed Rate Hike Bets

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

News Summary

  • Wall Street fell as an unexpectedly robust August jobs report, adding 162,000 jobs, heightened expectations for a Federal Reserve rate hike.
  • The S&P 500 dropped 0.38% alongside declines in the Dow and Nasdaq, driven by rate concerns ahead of the Labor Day holiday weekend.
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