Christopher Lewis

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Stocks drop after strong jobs data renews rate worries

Sat Jun 4 , 2022
U.S. stocks slid Friday to close the week lower as investors weighed May jobs data that likely gave Fed policymakers a signal labor market conditions can weather a more aggressive rate hiking cycle. Friday’s sell-off was led by tech stocks, with the Nasdaq Composite falling 2.5%. The S&P 500 fell […]