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Wall St. drops after downbeat employment data

Economies.com
2016-06-03 14:40 UTC

U.S. stock indices fell on Friday before the weekend after downbeat U.S. employment data that raised worries again on the growth of the economy. 

 

higher selling pressures on Wall Street came as weak growth in the labor sector could mean lower growth for the whole economy in the second sector, reflecting negatively on U.S. stocks. 

 

Dollar's sharp losses today against a basket of rivals helped gold and other commodities garner wide gains but didn't help stocks a lot. 

 

Similarly, expectations the Federal Reserve will delay hiking interest rates for now didn't help Wall Street recover as well. 

 

Standard and Poor's 500 fell 0.77%, or 16.25 points to trade at 2,089.01, while Dow Jones slid 0.66%, or 117.44 points to 17,721.12. 

 

Tech-heavy NASDAQ retreated 1.07%, or 53.14 points to hover around 4,918.23. 

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