Stocks wobble as Wall Street questions whether the US job market has slowed by enough or too much
NEW YORK (AP) — U.S. stocks are wobbling lower on Friday as Wall Street questions whether the U.S. job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way.
After rising to an early gain, the S&P 500 erased it and fell 0.5% below the all-time high it set the day before. The Dow Jones Industrial Average was down 245 points, or 0.5%, as of 2:30 p.m. Eastern time, after swinging between an early gain of nearly 150 points and a loss of 400. The Nasdaq composite slipped 0.2%.
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