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SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
Source: benzinga.com
Economic DataMonetary PolicyInterest Rates & YieldsMarket Technicals & Flows
U.S. equities fell from Thursday’s rebound highs by midday Friday after a blowout August payroll report shifted rate expectations, with traders pricing in a genuine chance of a Federal Reserve rate hike this month. The change in the implied policy path is pushing markets to discount higher-for-longer rates, pressuring risk appetite intraday.
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