Stocks Tumble After Positive Jobs Report
newscatcher
2022-10-07 21:31
Stocks Tumble After Positive Jobs Report
(Newser) – Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong US jobs market may actually make a recession more likely. The S&P 500 ended 2.8% lower, falling 104.86 points to close at 3,639.66, after briefly dropping 3.3% as traders weighed a government report showing employers hired more workers last month than economists expected, the AP reports. The Dow Jones Industrial Average fell 2.1%, or 630.15 points to 29,296.79. The Nasdaq composite lost 3.

https://www.newser.com/story/326384/stocks-tumble-after-positive-jobs-report.html

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