US STOCKS-Nasdaq leads Wall St lower after robust November jobs data
U.S. stock indexes fell sharply on Friday, with the tech-heavy Nasdaq leading losses, as higher-than-expected job additions in November reignited investor concerns about the Federal Reserve continuing on its path of aggressive monetary policy tightening. The U.S. unemployment rate remained unchanged, as expected. "Strong job creation and a big increase in wages underscore the Fed's argument that a lot more work needs to be done to get inflation under control," said James Knightley, chief international economist at ING.
Published:12/2/2022 9:56:00 AM