U.S. stocks open sharply lower after stronger-than-expected jobs data

Correction: An earlier version of this report incorrectly said stocks opened lower after inflation data. It has been corrected.

U.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 Federal Reserve's policy will remain tighter for longer. The U.S. created a robust 263,000 new jobs in November, a historically strong pace of hiring that threatens to prolong a bout of high U.S. inflation. The unemployment rate held at 3.7%, while the average hourly earnings rose twice as much as forecast. The S&P 500 SPX, -0.

Market don't care, gotta get those EOY bonuses

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.

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Stock Market Today: Report Shows U.S. Economy Added 263,000 Jobs in November, Dow, Nasdaq DownStocks dropped, with the Dow down about 300 points, and Treasury yields jumped after the jobs report showed strong hiring and wage growth Would be nice if there was no paywall restricting me from reading the article 😑 The labor market remains strong, gas prices are down ~30% from their highs earlier this year, and inflation shows signs of easing. Now maybe the GOP can quit pushing their 'recession' propaganda. Stocks dropped with strong hiring and wage growth? Oh, Wall Street, the consistently least patriotic entity in this country.
Source: WSJ - 🏆 98. / 63 Read more »