U.S. stocks fell sharply on Friday, surrendering all of the gains from a post-jobs report rally ahead of the Labor Day holiday weekend.
The S&P 500 shed 1.1%, while the Dow Jones Industrial Average fell by the same margin, or about 340 points. The tech-heavy Nasdaq logged the biggest slide of the major averages, capping the session down 1.3%.
The losses came after a rally earlier in the day suggested some investor optimism that a more modest 0.50% interest rate hike could be coming from the…
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