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Slowing labor market recovery weighs on stocks
The S&P 500 and the Dow retreated Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections.
The S&P 500 and Dow closed lower Wednesday as mounting U.S. layoffs in the wake of new lockdowns to contain surging COVID-19 infections dampened investor risk appetite. Fred Katayama reports.
U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery thanks to coronavirus vaccine progress and the formal..
In March, the US Federal Reserve's lowering of interest rates fueled a housing boom.
According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of..