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

traders nyseBrendan McDermid/Reuters

» Top New Releases in Books

  • 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

NOW WATCH: What activated charcoal actually does to your body

See Also:

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

Post Author: martin

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 and 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.