Nasdaq plunges 1,100 points over renewed rate hike concerns
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Yahoo
Nasdaq plunges 1,100 points over renewed rate hike concerns
US stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike ...
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