February 4, 2023

The Stock Market Stopped Worrying About the Jobs Report. Here’s Why.

The stock market sold off after the jobs report, but now it is mounting a tentative comeback. There’s rhyme to the market’s reason.

Initially, the

S&P 500

Nasdaq Composite

and

Dow Jones Industrial Average

were all firmly in the red. The S&P 500 was down about 1% at its low point for the day, while the Nasdasq was down as much as 1.7%.

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