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Published 1 year ago

Wall Street's rally stalls on hot jobs, cold earnings data

Summary by Ground News
The Dow Jones Industrial Average dropped 127 points, or 0.4%, while the Nasdaq composite sank 1.6%. The S&P 500 fell 1% for its first drop in four days. The bond market was more decisive in thinking the strong jobs data could push the Federal Reserve to stay firmer than expected on interest rates.

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