NEW YORK  — Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 lost 35.23, or 0.8 percent, to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1 percent, to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8 percent, to 13,679.04. While a sturdy labor market keeps the economy out of a long-feared recession, it could also push the Federal Reserve to keep interest rates higher for longer in its campaign to defeat high inflation.

https://business.inquirer.net/409033/wall-street-falls-after-hot-jobs-data-raises-threat-of-high-rates

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