US stocks drop as signs of a still-tight labor market raise fears the Fed will stay hawkish into 2023

Dec 22 2022 by Business Insider

 

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US stocks closed lower on Thursday, snapping a win streak of three consecutive gains.  Weekly jobless claims rose less than expected, signaling the labor market may still be tight. "Strong economic data, especially strong labor market data, keeps the Fed's foot on the economic brake," Charles Schwab's Liz Ann Sonders said.

US stocks closed lower on Thursday, snapping a win streak of three consecutive gains, amid indications the labor market remains too tight for the Federal...

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