U.S. stocks dive as robust jobs report dampens easing outlook
NEW YORK, Jan. 10 (Xinhua) -- U.S. stocks ended lower on Friday after a stronger-than-expected December jobs report reduced the likelihood of future Federal Reserve interest-rate cuts.
The Dow Jones Industrial Average fell by 696.75 points, or 1.63 percent, to 41,938.45. The S&P 500 sank 91.21 points, or 1.54 percent, to 5,827.04. The Nasdaq Composite Index shed 317.25 points, or 1.63 percent, to 19,161.63.
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