This led to the tech-heavy index closing 1.9 per cent lower , while the S&P 500 lost 0.7 per cent . The Dow Jones index was practically flat, having risen by 20 points .
"Wall Street won’t find out if the Fed is making a policy mistake until several months down the road and that is making some traders nervous," Edward Moya, senior market analyst at Oanda, wrote in a note. "After Friday’s nonfarm payroll report, investors will see a clear path for the US economy to recover the remaining lost jobs due to COVID and noticeably hear more companies talk about raising prices."
Source: Financial Digest (financialdigest.net)
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