Stocks Set To Open Lower As Strong U.S. Jobs Report Sparks Rate Hike Worries

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March S&P 500 futures (ESH23) are trending down -0.94% this morning after three major U.S. benchmark indices closed in the red on Friday as a blowout jobs data sparked fears that the Federal Reserve would keep hiking interest rates. Three major U.S. stock indexes were weighed down primarily by losses in the Consumer Services, Utilities, and Basic Materials sectors. In Friday’s trading session, all three major U.S. stock indices retreated as consumer and technology stocks led the broader market lower, with (AMZN) closing down over -8% and Google parent Alphabet (GOOGL) closing down m…

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