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Stocks tumble after chaotic NFP and Oil action – Dow Jones & US Index Outlook
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Global Equity Markets maintain are under pressure as Stagflation risks intensify: Oil prices explode to 2023 highs amid the de facto closure of the Strait of Hormuz. Elevated energy costs and lower consumption confirm investor fears of squeezed margins. With a 148K NFP miss and falling GDPNow estimates, the Federal Reserve faces a growing economic storm.
by Elior Manier
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