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Benzinga
Benzinga
Business
Wayne Duggan

What's Next For The Market After Aggressive Fed Rate Hike, Hot Jobs Report?

NYSE United States Elon Musk Nasdaq Twitter Inc. Dow Jones Industrial Average ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) lost 2.65% this week in the opening days of November after the Dow Jones Industrial Average gained 14% in October, its best month since 1976.

On Friday, the Labor Department reported the U.S. economy added 261,000 jobs in October, exceeding economist estimates of 205,000 jobs. Wages were up 4.7% year-over-year and increased 0.4% from September.

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