{"id":459887,"date":"2023-01-05T11:39:18","date_gmt":"2023-01-05T21:51:56","guid":{"rendered":"https:\/\/omni48.com\/?p=459887"},"modified":"2023-01-14T20:23:55","modified_gmt":"2023-01-14T20:23:55","slug":"wall-st-drops-more-than-1-with-jobs-data-feeding-fears-of-more-fed-tightening","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/wall-st-drops-more-than-1-with-jobs-data-feeding-fears-of-more-fed-tightening","title":{"rendered":"Wall St drops more than 1% with jobs data feeding fears of more Fed tightening"},"content":{"rendered":"<p>Summary Companies Jan 5 (Reuters) &#8211; Wall Street&#8217;s main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. Thursday&#8217;s ADP National Employment report showed a higher-than-expected rise in private employment in December. Another report showed weekly jobless claims fell last week. On Wednesday, another data set showed a moderate fall in U.S. job openings. While a strong labor market would usually be welcomed as a sign of economic strength, investors currently see it as a reason for the Fed to keep interest rates high. &#8220;It&#8217;s very clear that good news on the labor market means bad news for the stock market. Data is showing that the labor market is very resilient,&#8221; said Anthony Saglimbene, chief market strategist at Ameriprise in Tory Michigan. &#8220;As long as the labor market is resilient,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jan 5 (Reuters) &#8211; Wall Street&#8217;s main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1],"tags":[],"class_list":["post-459887","post","type-post","status-publish","format-standard","hentry","category-markets","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/459887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=459887"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/459887\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=459887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=459887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=459887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}