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U.S. Stocks Give Back Ground As Strong Jobs Data Renews Rate Hike Concerns
The August payrolls report showed 162,000 jobs added, lifting Treasury yields and pushing futures to price in a higher chance of a September rate hike.
Summary
Stocks moved mostly lower during trading on Friday, giving back ground after moving notably higher over the two previous sessions. The major averages all moved to the downside, although selling pressure was somewhat subdued. The major averages finished the day off their lows of the session but still in the red.