Wall St falls on bank stocks tumble, jobs report jitters

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Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag

"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, compared with economist forecasts for 195,000 claims.

The February non-farm payrolls report is expected to show a payrolls increase of 205,000 after January's blowout 517,000 figure, which had already led markets to brace for a bigger U.S. rate hike.

 

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