Friday, October 7, 2022

Nasdaq leads stock drop after jobs data, oil nears $90

  • Nasdaq leads stock drop after jobs data, oil nears $90

    U.S. stocks fell across the board after employers added 263,000 positions in September, the lowest monthly gain since April 2021. A softening labor market signals broader economic weakness may be emerging. Bond yields move higher with the 10-year Treasury at 3.89%. In commodities, oil continued its climb after OPEC's production cut, now nearing $90 per barrel.

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