The stock market floundered in achieving an early gain on Friday, as Wall Street weighs high rates of high interest rates against concerns about the economy.
The Dow Jones industrial average decreased 220 points, or 0.5 %. S&P 500 decreased by 0.3 %. Nasdaq’s compound decreased by less than 0.1 %.
All the three large indexes were on the right track to close the highlands shortly after the opening of the market in the wake of the lukewarm job report. The US economy added 22,000 jobs in August, while joint numbers were revised in June and July less than before.
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