Reported about 16 hours ago
U.S. stocks took a hit on Friday following a surprisingly robust jobs report for December, which saw the economy gain over 250,000 jobs and the unemployment rate dip to 4.1%. While this signals a strong labor market, it raises concerns that the Federal Reserve may increase interest rates, causing the Dow Jones to fall 1.3%, the S&P 500 by 1.3%, and the Nasdaq by 1.6%. Investors are grappling with inflation worries as consumer sentiment regarding future inflation expectations has risen.
Source: YAHOO