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Stocks are closing largely decrease Friday after new information on the new U.S. jobs market prompt the Fed received’t quickly rein in its aggressive price hikes.
The S&P 500 and the Nasdaq fell, whereas the Dow Jones industrials notched a small achieve.
Employers unexpectedly accelerated their hiring final month and added tons of of hundreds extra jobs than forecast. While the info suggests the financial system will not be in a recession, it additionally undercuts investor hopes that inflation could also be near peaking. Treasury yields jumped.
On Friday:
The S&P 500 fell 6.75 factors, or 0.2%, to 4,145.19.
The Dow Jones Industrial Average rose 76.65 factors, or 0.2%, to 32,803.47.
The Nasdaq fell 63.03 factors, or 0.5%, to 12,657.55.
The Russell 2000 index of smaller firms rose 15.37 factors, or 0.8%, to 1,921.82.
For the week:
The S&P 500 is up 14.90 factors, or 0.4%.
The Dow Jones Industrial Average is down 41.66 factors, or 0.1%.
The Nasdaq is up 266.87 factors, or 2.2%.
The Russell 2000 index of smaller firms is up 36.59 factors, or 1.9%.
For the 12 months:
The S&P 500 is down 620.99 factors, or 13%.
The Dow is down 3,534.83 factors, or 9.7%.
The Nasdaq is down 2,987.42 factors, or 19.1%.
The Russell 2000 is down 323.49 factors, or 14.4%.
How main US inventory indexes fared Friday 8/05/2022.
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