Dow slides 340 points ahead of Friday’s jobs data

  • Dow slides 340 points ahead of Friday's jobs data

    U.S. stocks saw a broad retreat with most major S&P 500 sectors slipping, led by utilities and tech, as investors weighed more aggressive rate hikes following a stronger-than-expected ADP jobs report ahead of Friday's government read. In commodities, oil rose over 1% to $78.69 per barrel. In corporate news, Bed Bath & Beyond shares lost over 29% after disclosing operational challenges raising bankruptcy speculation.

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