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Dow drops over 500 points after September jobs report, as stocks cut weekly gains

Por: MarketWatch Business October 07, 2022

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What’s happening Stocks were on track for back-to-back losses, trimming weekly gains.What’s driving markets The Labor Department in September, while the unemployment rate declined to 3.5% from an August reading of 3.7%. Average hourly earnings rose 0.3%. “The September payroll report, while close to consensus, was still likely too strong to allow policymakers much breathing room. The likely impact is to keep policy in tightening mode and... + full article



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