US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets Insider

US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemployment rate.Tech stocks struggled in comparison following a steep decline on Thursday that saw the Nasdaq composite slip roughly 5%.US stocks traded mixed on Friday as traders weighed a better-than-expected August jobs report against the lingering effects of Thursday's tech-stock rout., slightly more than economist expectations. The unemployment rate also came in at 8.

The strong jobs report may help quell investor fears stoked after the Nasdaq composite index fell nearly 5% on Thursday, driven by sharp losses in market mega-caps like Apple, Facebook, and Tesla.

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August jobs report: US economy adds 1.37 million jobs, unemployment 8.4% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BOOM !!!! Still too high. 8.4% is high unemployment rate.
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