Stock Market Drops: Jobs Data Dash Rate Cut Hopes
US stocks took a nosedive on Friday after a surprisingly strong jobs report for December. The Dow plummeted by 697 points, closing at 41, 938, while the S&P 500 and Nasdaq indices fell by 1. 5% and 1. 6%, respectively. All three indices ended the week in the red. The economy added 256, 000 jobs las