Sergei Klebnikov Forbes Staff I cover markets an business news
A blowout jobs report helped ease recession fears but raised concerns about more aggressive rate … [+]
RICHARD DREW/ASSOCIATED PRESSKEY FACTS
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The Dow Jones Industrial Average rose 0.2%, nearly 100 points, while the S&P 500 fell 0.2% and the tech-heavy Nasdaq Composite dropped 0.5%.
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The S&P 500 fell despite a strong non-farm payrolls report The labor market added back 528,000 jobs in July—easily surpassing the 258,000 expected by analysts, according to the Bureau of Labor Statistics on Friday.
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