Wall Street falls as jobs data suggests Fed hikes not over | Nation

Date: 2022-08-05T16:50:16-04:00

Location: www.rockymounttelegram.com

NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street.

The benchmark S&P 500 ended just 0.2% lower after recovering from an early slide as investors reacted to the report, which showed that U.S. employers unexpectedly added hundreds of thousands more jobs than forecast last month.

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