- Wall Street's three major stock indexes closed lower on Thursday, with bank stocks creating the biggest drag while investors also worried that Friday's jobs report could spur more aggressive interest rate hikes from the Federal Reserve.'s bank index finished down 6.6% after hitting its lowest level since mid-October.
"There's a lot of anticipation around tomorrow's jobs report. We're going to get a slew of data in the next week and a half," said Mona Mahajan, Senior Investment Strategist, Edward Jones, New York, also citing inflation and retail sales reports all due out before the next Fed meeting which ends March 22.
While last week's increased jobless claims may be"the first sign the labor market may be showing signs of loosening," Mahajan wants to see"more data points to establish a trend."
RealtorStarShar So much manipulation by Big Money to continue robbing from retail investors. I feel like the SEC are just 3 letters incapable of achieving anything.
Money will be made both ways
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