Jobs report for January looked good in that more jobs were added than expected. Unemployment rate fell to 3.4%. Wage growth was inline with expectations. This obviously suggests that US economy is strong and perhaps hasn't shown the full effects of job cuts in recent past. This piece of good news might have raised concerns that it might still get difficult to control inflation as the jobs market still appears to be strong. Dismal quarterly results from GOOGL, AMZN and AAPL did present somewhat of a "not-so-strong" economy but it didn't help matters and all three major US indices finished the day in red.
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