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US stock indices decline amid strong job market data indicating inflation concerns

share-iconSaturday, January 11 comment-icon1 week ago 7 views
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apnewsAPNEWS
US stock indices decline amid strong job market data indicating inflation concerns

Credited from: APNEWS

  • U.S. stocks saw a significant decline on Friday, influenced by job market news that raised inflation concerns.
  • The S&P 500 dropped 1.5%, closing at 5,827.04, while the Dow Jones and Nasdaq both fell 1.6%
  • Yields in the bond market increased, adding pressure to stocks after a report indicated many more jobs were created than anticipated.
  • For the week, S&P 500 and Dow decreased by 1.9%, while Nasdaq fell by 2.3%
  • Year-to-date, S&P 500 is down 0.9%, highlighting ongoing challenges for investors.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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