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!

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Source: MarketWatch - 🏆 3. / 97 Read more »

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