Dow Jones Loses 146 Points: Inflation Threatens Next Week
4 Articles
4 Articles
The loss on Wall Street deepened to 270 points for the Dow Jones at the close following the well-received US jobs figures. This threatens wage increases, inflation, and an interest rate hike. The AEX closed 0.8 percent higher thanks to gains by stocks in the chip, financial, and steel sectors. Over the week, the index remained 0.1 percent in the green.
Wall Street closes a week of strong swings with the Dow at 53,414 points; employment triggers fear of a rise in rates and turns next Friday's IPC into the big market test.
The three major indices of the New York stock market all fell. This was due to heightened concerns over interest rate hikes as the increase in non-farm jobs significantly exceeded expectations.
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