Contributed by NAMPA / AFP.
US stocks end mostly down as market weighs Fed, jobs data
New York, Aug 5, 2022 (AFP) - Wall Street stocks finished mostly lower Friday after better-than-expected US jobs data raised expectations for more aggressive Federal Reserve actions to tighten monetary supply.
The US economy added 528,000 jobs in July, more than twice the expected amount, while the unemployment rate dipped to the pre-pandemic low of 3.5 percent, Labor Department data showed.
But while strong hiring is an unmistakabl ...