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Stocks lose more ground on fears a recession may be looming

1 month ago   |   By

Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely.
The S&P 500 ended 2.8% lower after briefly dropping 3.3% as traders weighed a government report showing employers hired more workers last month than economists expected. The Dow Jones Industrial Average fell 2.1% and the Nasdaq composite lost 3.8%.
Wall Street is worried the Federal Reserve could see that as proof the economy has yet to slow enough to get inflation under control. That could clear the way for the Fed to...
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Dow drops over 600 points, as job gains remain steady, complicating Fed effort to lower prices

1 month ago   |   By

Stocks fell on Friday as traders evaluated September's jobs report, which showed the unemployment rate continuing to decline.
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Stocks lose more ground on fears a recession may be looming

1 month ago   |   By

Wall Street lost more ground on worries that a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 fell 2.8% Friday after the government said employers hired more workers last month than expected. The Dow Jones Industrial Average and the Nasdaq also fell sharply, and Treasury yields rose. Markets are worried the Federal Reserve could see the jobs report as proof the economy hasn't slowed enough yet to get inflation under control. That could clear the way for continued, aggressive hikes to interest rates, something that risks causing a recession if done too...
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Stocks extend their losses on fears recession may be looming

1 month ago   |   By

Losses are accelerating on Wall Street on worries that a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 fell more than 3% Friday after the government said employers hired more workers last month than expected. The Dow Industrials and the Nasdaq also fell sharply and Treasury yields rose. Wall Street is worried the Federal Reserve could see the jobs report as proof the economy hasn't slowed enough yet to get inflation under control. That could clear the way for continued, aggressive hikes to interest rates, something that risks causing a recession if...
Read more ...

 

Stock market plunges after a ‘frustrating' jobs report gives ammo to hawkish Fed amid recession fears

1 month ago   |   By

Wall Street fears of a looming recession will only deepen with the labor market staying hot.
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