Wall Street lost more ground on concerns that a still-strong U.S tasks market might infact make a economicdownturn more mostlikely.
The S&P 500 fell 2.8% Friday after the federalgovernment stated companies workedwith more employees last month than anticipated. The Dow Jones Industrial Average and the Nasdaq likewise fell greatly, and Treasury yields increased.
Markets are concerned the Federal Reserve might see the tasks report as evidence the economy hasn’t slowed enough yet to get inflation under control. That might clear the method for co