11/1/2025, 12:48:02 pm

Wall Street falls as jobs data stokes inflation fears

U.S. stocks tumbled, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears and reinforced bets that the Fed will be cautious in cutting interest rates this year. At 02:00 p.m. the DJIA fell 482.30 points, or 1.13%, to 42,154.37, the S&P 500 lost 55.59 points, or 0.94%, to 5,862.66 and the Nasdaq Composite lost 187.52 points, or 0.96%, to 19,291.03.