Friday, 5 August 2022

Nasdaq, S&P, Dow sink, strong jobs data may fuel Fed hikes

  • Nasdaq, S&P, Dow sink, strong jobs data may fuel Fed hikes

    The Nasdaq Composite led a broad decline in equities as investors speculate the Federal Reserve may be more aggressive with future rate hikes after the stronger-than-expected July jobs report. Elsewhere, Amazon is buying Roomba for $1.7 billion. In commodities, oil hovered around the $87 per barrel level.

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