Stocks erase gains, head for big weekly losses after jobs report

on Sep 06, 2024 05:34:PM

US stocks erased earlier gains on Friday as investors digested a crucial jobs report that provided clues to the size of this month’s expected interest rate cut and the resilience of the US economy. Tech stocks led the morning’s declines, with the Nasdaq Composite plunging 2.3% in afternoon trading. The S&P 500 and Dow Jones […]

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