NEW YORK (AP) — Stocks are swinging sharply on Friday. The S&P 500 was 1% decrease in afternoon buying and selling however solely after careening from a steep morning loss to a quick, small acquire.
Wall Street is fighting methods to interpret a powerful U.S. jobs report amid worries the Federal Reserve could trigger a recession in its drive to halt inflation.
The swings had been even wilder earlier this week, as every kind of markets from bonds to cryptocurrencies grapple with a brand new market order the place the Federal Reserve is aggressively shifting to yank helps for the economy put in place by the pandemic.
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