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Stock market today: Wall Street tumbles on strong jobs numbers and doubts about future rate cuts

U.S. stock futures quickly tumbled after the government said U.S. employers added a stronger-than-expected 256,000 jobs in December. Economists were expecting hiring to increase by 153,000. Futures for the S&P 500 fell 0.
The article from MSN Money discusses the recent performance of Wall Street, which saw declines due to renewed concerns about inflation and potential interest rate hikes. Despite positive economic indicators such as a drop in weekly jobless claims to 218,000, the lowest since February, and a 0.6% rise in retail sales for February, these figures have heightened fears that the Federal Reserve might increase interest rates more aggressively to combat inflation. This has led to a sell-off in the stock market, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing losses. The article also mentions that the yield on the 10-year Treasury note rose, reflecting expectations of higher rates, and notes that while the economy shows strength, the market's reaction is driven by concerns over how the Fed will respond to these economic signals.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/stock-market-today-good-news-on-the-economy-fans-inflation-fears-and-drags-wall-street-lower-again/ar-BB1rcJgQ ]