Market declines as jobs data suggests Fed hikes far from over
U S stock indexes closed mostly lower after a volatile session sparked by a strong jobs report. The S P 500 eased 0.2 percent and the Nasdaq fell 0.5 percent while the Dow rose 0.2 percent. Treasuries pushed yields higher as investors priced in continued rate hikes. Warner Bros Discovery and Monster Beverage led declines with weaker quarterly results, while the Russell 2000 gained 0.8 percent amid mixed overseas signals.
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Musk Twitter countersuit alleges fraud and misrepresentation
Elon Musk and Tesla filed a countersuit in Delaware alleging Twitter misled buyers and inflated user metrics, claiming 65 million monetizable daily users fewer than stated and accusing Twitter of omissions. The suit contends breaches of contract and securities laws amid the aborted 44 billion deal.
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