Stocks drops after strong hiring report fuels inflation worries

showed wages for U.S. workers are accelerating faster than expected.

The S&P 500 was down 10 points, or 1%, at 4,036 at 10:00 a.m. Eastern Time. The Dow was down 0.8% while the tech-heavy Nasdaq was down 1.3%.

The Dow was up 0.10%. The S&P500 was down 0.12%. And this is the headline? Do better

I keep hearing things from the Fed & economists here & there, on the radio, in articles, that says the job market needs to become stagnant & unemployment needs to rise to haunt inflation. That sounds tricky to me. There are companies out there making record breaking profits.

Wtf? Wall street, where good news is bad

I wish my salary was accelerating faster than expected 😅

In other news, where’s your coverage on Zelensky’s violation of religious freedom in Ukraine? Don’t you constantly claim the U.S. needs to support “democracy” there? Does that not include freedom of religion?

Let's see if decreasing executive pay and benefits by the same amount as inflation increases in publicly owned companies will help the situation.

So capitalism doesnt work until workers are slaves? Is that how this hellhole works?

Oh no, Employees making almost a living wage, somebody Do something!!

Yes. We must keep wages low as prices rise to keep investors happy while the rest starve. Might be time to grap the pitchforks and torches.

Y’all always trying to figure out ways to manipulate us into thinking that paying people a living wage is a bad thing.

The market: When will people lose their jobs & or have their wages slashed so the billionaires can make more profits and we can also get a hold of inflation!? 🙄

Only in America - 'People are almost getting paid a living wage, here's why that's a bad thing..'

So indicators that the economy is strong leads to “renewed worries?” You’ve got to love Wall Street!

Business Business Latest News, Business Business Headlines

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

U.S. stocks open sharply lower after stronger-than-expected jobs dataCORRECTION: U.S. stock indexes opened lower on Friday after the November jobs report shows a sign of continued strength in the labor market: An auto tweet that misstated the report has been deleted. Nice to see a quick, truthful correction. More jobs sounds good to most - HOWEVER, crushing workers by forcing them out of work is the only way to pull money out of the markets from Democrats spending Trillions and flooding the economy. They want masses UNEMPLOYED & on scraps. Market don't care, gotta get those EOY bonuses
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks open sharply lower after stronger-than-expected inflation dataU.S. stock indexes opened lower on Friday after the November jobs report shows a sign of continued strength in the labor market, raising concerns that the Fed's rate hikes will remain for longer. The Dow Jones Industrial Average declined 0.7%:
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks surge after Powell says Fed will slow down interest-rate hikesThe Federal Reserve will slow down the pace of interest rate hikes, Chair Jerome Powell said on Wednesday, giving markets hope that the aggressive cycle of rate increases will ease up. Fake Slow down? It’s only at 2% on Money Markets! Good! Your are doing more harm than good.
Source: CBSNews - 🏆 87. / 68 Read more »