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What to know this shortened week

What to know this shortened week

The stock market is poised for more turbulence this week when investors return to Wall Street on Tuesday for a holiday-shortened trading week. U.S. markets will be closed on Monday in observance of Labor Day. All three major averages slid late in Friday’s session to cap a third-straight week of losses after data from the Labor Department showed nonfarm payrolls grew by 315,000 last month while the unemployment rate rose to 3.7%. In the coming week, Federal Reserve Chair Jerome Powell will… Source link

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