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U.S. stocks got clobbered Friday despite a blockbuster jobs report. What's going on?

The article from MarketWatch discusses the unexpected market reaction to the U.S. jobs report released on Friday, which showed a significant addition of 517,000 jobs in January, far exceeding expectations. Despite this positive economic news, U.S. stocks experienced a sharp decline. The Dow Jones Industrial Average dropped by 127.93 points, the S&P 500 fell by 43.28 points, and the Nasdaq Composite decreased by 193.86 points. Analysts attribute this downturn to several factors including concerns over potential aggressive rate hikes by the Federal Reserve to combat inflation, which could slow down economic growth. Additionally, the strong jobs data might lead to higher bond yields, making stocks less attractive. The market's reaction reflects investor fears that robust employment figures could prompt the Fed to tighten monetary policy more than previously anticipated, potentially leading to a more hawkish stance in future meetings.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/u-s-stocks-got-clobbered-friday-despite-a-blockbuster-jobs-report-whats-going-on-c2464243 ]