Stocks close mixed after strong hiring report fuels inflation worries

renewed worries about inflation and more rate hikes from the Federal Reserve.

Stocks had been on the upswing for the last month on hopes the worst of the nation's high inflation may have passed already. That fed expectations for the Federal Reserve to dial down the intensity of its big interest-rate hikes as it moves to slow the economy. Such jumps in pay are helpful to workers struggling to keep up with soaring prices for everyday necessities. The Federal Reserve's worry is that too-strong gains could cause inflation to become further entrenched in the economy. That's because wages make up a big part of costs for companies in services industries, and those companies could end up raising their own prices further to cover higher wages for their employees.

I'm busy being on my Yatch today, and playing Golf, I don't have time for comments,

It's perverse economics that to stem inflation that hurts the lower rungs of the economic ladder the most we hurt the lower rungs even more while the opposite end benefits from increased prices & record corporate profits. Tax increases on the wealthy are anti-inflationary. Try em

It cant be good under Biden.....strong jobs report And they complain

Big news, 2 days later...? 😨

When good news is bad news.

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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 »