Stock market news today: Investors weigh jobs gains vs. wage growth

US stocks finished lower on Friday amid volatile trade and capped weekly losses as Wall Street digested the latest jobs report.

The Labor Department reported 209,000 new jobs were created, below expectations, after ADP's payroll report Thursday showed blowout gains. However, the government's report Friday also found that wage growth saw a 4.4% jump on an annual basis, which could prompt the central bank to continue lifting interest rates to rein in inflation.

Stocks seesawed between losses and gains over the course of the day before closing lower. For the week, the S&P 500 lost 1.16%, the Nasdaq declined 0.92%, and the Dow sank 1.96%.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Retail investors keep chasing the stock market rally, rotating to EVs from AI: analystsIndividual investors keep chasing a 2023 stock-market rally, but show signs of pivoting toward electric-vehicle makers and away from AI plays, research firm...
Source: MarketWatch - 🏆 3. / 97 Read more »

'Complacent' stock market investors start to 'respect' higher-for-longer U.S. interest ratesFinancial markets finally come around to idea that U.S. interest rates are likely to stay higher for longer, driven by a blowout private-sector jobs report.
Source: MarketWatch - 🏆 3. / 97 Read more »

Retail investors are aggressively chasing the stock market rally in AI, EVsRetail investors are chasing the rally in the stock market. Here's exactly what they're buying.
Source: BusinessInsider - 🏆 729. / 51 Read more »