Stocks Slide as Strong Jobs Data Sparks Inflation and Rate Worries

Job growth picked up in December and smashed estimates, with the U.S. labor market adding 256,000 jobs last month, far exceeding the estimate of 155,000.However, despiterobust economic data, major stock indices fell sharply on Jan. 10, 2025. The Dow Jones Industrial Average plunged 697 points, while the S&P 500 Composite and Nasdaq dipped 1.5% and 1.6%, respectively. While the impressive job growth highlights the economy's resilience, it also reignited fears of persistent inflation and diminished the likeli ...