The Federal Reserve's ongoing battle with inflation and the stubborn resilience of the job market took center stage as investors digested the latest monthly jobs report and what it means for the direction of the economy. With these developments as a backdrop, Amazon (NASDAQ: AMZN) slipped 0.7%, Microsoft (NASDAQ: MSFT) fell 1.2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) slumped 2.5%, and Apple (NASDAQ: AAPL) was down 2%, as of 12:45 p.m. ET. Read More...
The Federal Reserve’s ongoing battle with inflation and the stubborn resilience of the job market took center stage as investors digested the latest monthly jobs report and what it means for the direction of the economy. With these developments as a backdrop, Amazon (NASDAQ: AMZN) slipped 0.7%, Microsoft (NASDAQ: MSFT) fell 1.2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) slumped 2.5%, and Apple (NASDAQ: AAPL) was down 2%, as of 12:45 p.m. ET.
