Wall St drops more than 1% with jobs data feeding fears of more Fed tightening
By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. Thursday’s ADP National Employment report …
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