{"id":457379,"date":"2022-06-03T23:44:59","date_gmt":"2022-06-03T20:44:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-ends-week-on-losing-note-despite-strong-us-jobs-report\/"},"modified":"2022-06-03T23:44:59","modified_gmt":"2022-06-03T20:44:59","slug":"dow-ends-week-on-losing-note-despite-strong-us-jobs-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-ends-week-on-losing-note-despite-strong-us-jobs-report\/","title":{"rendered":"#Dow ends week on losing note despite strong US jobs report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27814657124\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27814657124\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-ends-week-on-losing-note-despite-strong-us-jobs-report\/#%E2%80%9CDow_ends_week_on_losing_note_despite_strong_US_jobs_report%E2%80%9D\" >&#8220;Dow ends week on losing note despite strong US jobs report&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_ends_week_on_losing_note_despite_strong_US_jobs_report%E2%80%9D\"><\/span>&#8220;Dow ends week on losing note despite strong US jobs report&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Wall Street\u2019s main index ended the week on a losing note as concerns about inflation and rising interest rates outweighed the strong jobs report released earlier on Friday by the federal government.<\/p>\n<p>The Dow Jones Industrial Average plummeted 348.58 points, or 1%, to 32,899.70, and the Nasdaq composite was 2.5% lower.<\/p>\n<p>The S&amp;P 500 was 1.6% lower after a report showed employers hired more workers last month than economists expected.<\/p>\n<p>Despite the strong jobs report, the selloff reflects investor sentiment that the low unemployment figures mean it is more likely that the Federal Reserve will move to hike interest rates aggressively.<\/p>\n<p>If the Fed acts too quickly in tightening monetary policy, analysts fear it could lead to a recession.<\/p>\n<p>The Labor Department released figures on Friday showing that employers added 390,000 jobs last month, better than expectations for 322,500. <\/p>\n<p>That sent Treasury yields climbing, though they initially wobbled as investors moved from one knee-jerk reaction to another following the report\u2019s release.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/stocks-fall-strong-job-report-01.jpg?w=1024\" alt=\"Despite a robust jobs report, investors on Wall Street remained nervous about potential interest rate hikes by the Fed.\" class=\"wp-image-22525991\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/stocks-fall-strong-job-report-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/stocks-fall-strong-job-report-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/stocks-fall-strong-job-report-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Despite a robust jobs report, investors on Wall Street remained nervous about potential interest rate hikes by the Fed.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The yield on the two-year Treasury, which tends to move with expectations for Fed action, rose to 2.66% from 2.62%. <\/p>\n<p>The 10-year yield, which tracks expectations for longer-term growth and inflation, rose to 2.96% from 2.91% after earlier climbing as high as 2.99%. It settled at 2.95%.<\/p>\n<p>\u201cAs Fed speakers consistently remind us that the path towards draining inflationary pressures from the economy is going to be \u2018bumpy\u2019 and \u2018painful\u2019 the market agrees as it navigates between seeing the next recession around the corner to witnessing a still healthy economic backdrop,\u201d Quincy Krosby, chief equity strategist for LPL Financial, told The Post.<\/p>\n<p>\u201cFor now, the market sees a Federal Reserve trying to navigate a painful and bumpy road, yet trying to find a soft exit,\u201d Krosby said.<\/p>\n<p>And the market finds itself between wanting to believe in the rallies but not believing that the Fed can negotiate a soft landing.\u00a0<\/p>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/03\/dow-ends-week-on-losing-note-despite-strong-us-jobs-report\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow ends week on losing note despite strong US jobs report&#8221; Wall Street\u2019s main index ended the week on a losing note as concerns about inflation and rising interest rates outweighed the strong jobs report released earlier on Friday by the federal government. The Dow Jones Industrial Average plummeted 348.58 points, or 1%, to 32,899.70,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":457380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/stocks-fall-strong-job-report-03.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129880,73977,5069,70551,72332,72388,70360],"class_list":["post-457379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-3-22","tag-dow-jones-industrial-average","tag-economy","tag-inflation","tag-nasdaq","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=457379"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/457379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/457380"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=457379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=457379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=457379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}