Stocks end lower to cap first weekly loss in a month
New York stocks closed barely lower, ending a monthlong weekly decline as a softer hiring report restrained bets on rapid Fed rate hikes. Dow fell 28.01 to 18,240.49. S&P 500 off 7.03. Nasdaq down 14.45. Honeywell dropped 7.5 percent after lowering earnings guidance. Tyson Foods slid amid poultry price litigation. UK pound tumbled in a flash crash before rebounding to 1.2435. Brent crude at 51.93. gold near 1251.90.
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Job market shows renewed hiring with wage gains in September
A September jobs report shows Employers added 156,000 positions, unemployment rising to 5.0 percent as more than 400,000 people began job searches. Pay rose 6 cents to 25.79 dollars per hour, while the workforce expanded by 3 million in the past year, signaling ongoing labor market strength and inflationary worries.
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