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VOL. 46 | NO. 43 | Friday, October 28, 2022

Stocks end lower as hot jobs data signals aggressive Fed

The Associated Press

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Stocks gave up early gains and ended lower on Wall Street after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases.

Those high rates are intended to slow the economy, and the fear is the Fed may go too far and cause a recession.

Several companies rose after reporting solid earnings or outlooks, including Pfizer and Uber.

The S&P 500 fell 0.4% Tuesday.

Long-term Treasury yields reversed course from an early slide and rose back near multiyear highs.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0