NEW YORK (AP) — U.S. stocks are sinking on worries that Friday’s good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high.
The S&P 500 was down 0.8% in early trading and on track for its fourth losing week in the last five. The Dow Jones Industrial Average was down 267 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.1% lower.
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