Stock Market Today: Dow, S&P 500 Open Lower After Jobs Report Comes in Hot

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Stock Market Today: Dow, S&P 500 Open Lower After Jobs Report Comes in Hot
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Markets are pricing in a greater chance of a Federal Reserve rate increase in November after the latest jobs report, which came in hotter than expected.

Traders are assigning a 29% probability to a rate increase next month, up from the 20% chance they saw Thursday, according to CME Group's FedWatch tool.

 

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