News Formal

US jobs surge, tech concerns whiplash stocks and send dollar higher

  • 📰 eNCA
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

A surge in hiring in the United States renewed worries about aggressive interest rate hikes on Friday, bolstering the dollar and whiplashing Wall Street stocks.

Meanwhile, disappointing earnings reports from Apple, Amazon, and Google owner Alphabet added to unease about the outlook for the crucial tech sector after torrid growth early in the pandemic.

Shares of Amazon and Google parent Alphabet both tumbled Friday, while Apple shook off early weakness and finished higher.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand takes hit as US jobs surge sends dollar higher | BusinessA surge in hiring in the United States renewed worries about aggressive interest rate hikes, bolstering the dollar and whiplashing Wall Street stocks. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »