Wall Street ends down after stunning jobs growth raises Fed questions

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The story "Wall Street ends down after stunning jobs growth raises Fed questions" was covered 1 months ago by The Star, a news publisher based in Malaysia.

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The Star 1 mo ago

Wall Street ends down after stunning jobs growth raises Fed questions - The Star

Quick Summary:

Major US stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports.

The jobs report "was an incredible surprise and it raises a lot of questions about what the Fed is going to do next,” said Kristina Hooper, chief global market strategist at Invesco.

The Dow fell 127.93 points, or 0.38%, to 33,926.01, the S&P 500 lost 43.28 points, or 1.04%, to 4,136.48 and the Nasdaq dropped 193.86 points, or 1.59%, to 12,006.96.