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الاقتصادية
Wall Street drops on rate hike fears
U.S. stock indices declined on Friday following the release of the August American employment report, which showed the addition of 162,000 jobs—well above expectations and paving the way for the Federal Reserve to raise interest rates at its upcoming meeting. Although the report reflects a positive economic performance, it also increases the likelihood of interest rate hikes to combat rising energy prices and prevent inflation. Market expectations now stand at 58.4% for a 25 basis points increase in September, compared to 49.4% on Thursday. The three major indices declined, with the S&P 500 closing at 7,718.13 points, down 0.38%; the Nasdaq at 26,505.44 points, down 0.30%; and the Dow Jones at 53,398.15 points, down 0.54%.
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