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Jobs Report Becomes An Inflation Report

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U.S. stocks dropped for a second straight day on Friday. According to Reuters, Wall Street was weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.The losses were led by heavyweight stocks in the technology and communication services sectors including Facebook, Apple, Alphabet, Netflix, and Google. Russell Price is a senior economist at Ameriprise Financial Services Inc in Troy, Michigan. He said there's no question the job market in the United States may be at its best level in a generation. Therefore, he explained, "The jobs report has become an inflation report.”

Added on the 07/10/2018 13:17:09 - Copyright : Wochit

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