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02 Dec 2022

Stocks fall after stronger-than-expected jobs report | December 2, 2022

Stocks fall after stronger-than-expected jobs report | December 2, 2022#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto U.S. stocks waned Friday after stronger-than-expected jobs data had investors recalibrate expectations around when the Federal Reserve will pause its rate-hiking campaign. The Labor Department’s monthly jobs report for November showed payrolls grew by 263,000, higher than estimated, while unemployment held at 3.7%. Bloomberg expected a print of 200,000 for the month. The S&P 500 (^GSPC) declined 0.5%, while the Dow Jones Industrial Average (^DJI) was off 0.2%, or nearly 70 points. The technology-heavy Nasdaq Composite (^IXIC) slid 0.7%. All three major sessions were off of session highs of more than 1% immediately following the re

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