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Wall Street Sinks as Robust US Jobs Data Ignites Fed Rate Hike Fears

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Stronger-than-expected US nonfarm payroll growth of 162,000 boosted bets on a Federal Reserve rate hike, driving Treasury yields and the dollar higher while knocking US stocks down.
  • The S&P 500, Dow, and Nasdaq declined broadly alongside rising oil prices amid escalating Middle East tensions.
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107.50 +67.63% over the displayed period

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