Stocks Sink Amid Jobs Report
  • last year
Stocks sank on Friday in anticipation of the October jobs report with investors fearing that the Fed would hold rates at a higher level for longer to cool inflation. The S&P 500 saw its fourth straight decline with Apple ($AAPL@US) falling 4 percent and Amazon ($AMZN@US) suffering its longest decline since 2009. Investors are more concerned with the ultimate level of rates than they are with the pace of tightening. The Fed is expected to raise rates at a higher point at a slower pace.
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