new York The tension ahead of Friday’s official US jobs report is weighing on Wall Street. The Dow Jones index of standard values closed 1.7 percent lower on Thursday at 32,254 points. The tech-heavy Nasdaq fell 2.1 percent to 11,338 points. The broad S&P 500 lost 1.8 percent to 3918 points.
Investors feared that an overly strong job market could persuade the US Federal Reserve to take larger interest rate hikes.
According to data from Thursday, initial jobless claims in the United States rose surprisingly. However, according to an earlier survey, US companies created more than twice as many jobs in February as in the previous month.
According to a Reuters survey, experts expect the government’s employment report on Friday to see job growth of 205,000 in February after an increase of 517,000 in January.
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