Stocks fall after jobs report shows wages are rising at the fastest pace in nearly a decade

traders nyseBrendan McDermid/Reuters

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  • Stocks fell Friday for a fourth day on the back of trade optimism.
  • The US added more jobs than expected in October, and wages rose at the fastest pace in nearly a decade.
  • Follow the US indexes in real time here.

Stocks stumbled Friday as the latest signs of a tightening labor market fanned concerns about rising rates and disappointing Apple earnings dragged down technology companies.

The Dow Jones Industrial Average wiped out gains and fell 0.5%, or more than 100 points. The Nasdaq Composite dropped 1.1%, and the S&P 500 also turned 0.7% negative.

See the rest of the story at Business Insider

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SEE ALSO: Jobs report beats big as wages grow at their fastest pace since 2009

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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