Stocks tank, Treasury yields spike as Wall Street frets over jobs report
October 7, 2022 by keithhill530
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[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