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On this picture offered by the New York Inventory Alternate, a pair of merchants work on the ground, March 8, 2022. (Courtney Crow/New York Inventory Alternate through AP)
STAN CHOE and DAMIAN J. TROISE – AP Enterprise Writers
NEW YORK (AP) — Shares ended one other bumpy week with extra losses Friday as buyers thought-about the draw back of the still-strong U.S. jobs market.
The S&P 500 fell 1.6%, marking its eighth dropping week within the final 9.
Losses in large expertise corporations helped pull the Nasdaq down 2.5%.
The Dow Jones Industrial Common misplaced 1%.
A report displaying stronger hiring final month than anticipated is sweet information for the financial system amid worries a couple of potential recession.
However many buyers noticed it maintaining the Federal Reserve on its path to mountain climbing rates of interest aggressively.
The yield on the 10-year Treasury word rose to 2.95%.
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