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

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NEW YORK, Feb 4 — A surge in hiring in the United States renewed worries about aggressive interest rate hikes yesterday, bolstering the dollar and whiplashing Wall Street...

NEW YORK, Feb 4 — A surge in hiring in the United States renewed worries about aggressive interest rate hikes yesterday, bolstering the dollar and whiplashing Wall Street stocks.

Shares of Amazon and Google parent Alphabet both tumbled yesterday, while Apple shook off early weakness and finished higher. The dollar bounded higher after the data was released, and the yield on US government bonds climbed higher.In Europe, London’s blue-chip FTSE 100 index yesterday soared to a record peak, lifted by the weak pound and record annual profits at oil major Shell.

 

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