scorecardresearchUS Markets Wrap: 95% of the companies in the S&P 500 fall as job market remains strong

US Markets Wrap: 95% of the companies in the S&P 500 fall as job market remains strong

Updated: 08 Oct 2022, 09:39 AM IST
TL;DR.
Wall Street got a reality check, with data showing a hot labor market that will likely keep the Federal Reserve on its aggressive hiking trail. Those bets sent stocks tumbling and drove 10-year US yields to their longest weekly up streak since 1984.
NEW YORK, NEW YORK - OCTOBER 07: Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Stocks fell in early trading on Friday as new employment numbers show steady hiring which investors fear will lead to increased interest rate hikes.   Spencer Platt/Getty Images/AFP

NEW YORK, NEW YORK - OCTOBER 07: Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Stocks fell in early trading on Friday as new employment numbers show steady hiring which investors fear will lead to increased interest rate hikes. Spencer Platt/Getty Images/AFP