Russell 2000 Returns to YTD Losses
Outsized losses on Friday capped the week with the worst five-day loss on the S&P 500 since April 21. This after Friday’s U.S. nonfarm payrolls report rose by just 73,000, well below estimates for a 115,000 increase and follows a 258,000 net downturn revision in jobs during the prior two months. The dismal labor report stirred a 1.6% S&P 500 loss on Friday, its worst single-day loss since May 21.
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