Money
GLOBAL MARKETS-Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
— Ai Summary —
Stocks declined on Friday after a stronger-than-expected May jobs report reinforced bets on a Federal Reserve rate hike, while investors limited risk ahead of weekend Middle East developments. The Dow fell 0.17%, the S&P 500 dropped 0.85%, and the Nasdaq Composite slid 1.58%, with technology names, including Nvidia, leading the retreat. Brent crude slipped 1.2% to $93.84 a barrel and U.S. crude fell 1.9% to $91.22, though both contracts were on track for weekly gains.
AI-generated summary • Source: London South East • Read the full article for complete information.
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