Stocks Rise, DollarWeakens as Slow October Job Growth Signals Fed May Pause Rate Hikes; Apple Shares Fall After Earnings Warning
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U.S. stock indexes rose, the dollar weakened, and 10-year Treasury yields fell to 5-week lows after slower than expected U.S. job growth in October.
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The increase in annual wages was the smallest in 2-1/2 years, signaling easing labor market conditions.
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The data suggests the Fed may be done hiking interest rates after leaving them unchanged this week.
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Apple shares fell 1.4% a day after the company reported quarterly results and warned of a dull holiday quarter.
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Oil prices were lower, with U.S. crude down 1.55% to $81.18 per barrel and Brent down 1.52% to $85.53.