Stocks tank, Treasury yields spike as Wall Street frets over jobs report

Stocks tank, Treasury yields spike as Wall Street frets over jobs report

Business
October 7, 2022 by keithhill530
286
[ad_1] U.S. stocks cratered on Friday after the government’s monthly employment report showed labor conditions remained tight in September despite a slowdown in hiring — a sign Fed officials will proceed with aggressive policy tightening. The U.S. economy added 263,000 jobs last month as the unemployment rate fell to 3.5%. Economists expected a payroll gain