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Wall Street rally hits wall of hot jobs, cold earnings data

Por: Los Angeles Times Business February 04, 2023

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Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The Standard & Poor's 500 fell 1% for its first drop in four days, though it took an up-and-down route to get there. The bond market was more decisive in thinking the strong jobs data could push the Federal Reserve to stay firmer than expected on high interest rates, which hurt the... + full article



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