Wall St logs sharp losses as labor market strength stokes rate-hike fears
The S&P 500 posted its biggest daily percentage drop since May 23. The Dow logged its biggest single-day fall since May 2. Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained solid despite growing risks of a recession. A separate report showed U.S. job openings dropped in May, but remained at elevated levels.
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