Stocks Close Out Worst Week Since October as Strong Jobs Data Stokes Rate Fears
• Wall Street closed its worst week since Halloween after strong jobs data raised worries of high interest rates • The S&P 500 rose 0.2% Friday but still saw its first weekly drop in 10 weeks • Treasury yields swung sharply following conflicting economic reports • Traders are still betting the Fed will cut rates in March, but the odds slipped slightly after the jobs report • Apple stock fell 5.9% this week, its worst since September, despite a booming 2022