Economics
Stocks Fall, Bonds Gain Into Holiday as Data Spur Risk Aversion
- U.S. equity slide worsens as jobs report muddles Fed picture
- Commodities from copper to oil retreat, dollar strengthens
Bill Gross on What the Jobs Report Means for the Fed
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Investors who woke up expecting clarity on interest rates or the strength of the U.S. economy got neither.
Stocks fell with emerging-market currencies and commodities after data showed the U.S. economy added fewer jobs than expected even as wages and hours worked rose. Anxiety remained elevated before a three-day weekend, with financial markets unable to shake off volatility that’s jolted them since August.