U.S. Stocks Retreat as Jobs Data Keep Fed on Track to Tighten

Updated on
  • Payrolls short of estimates still signal steady growth
  • Fed rate odds hold near 63 percent for December hike

U.S. Adds 156,000 Jobs in Sept., Jobless Rate at 5.0%

U.S. stocks slipped Friday, adding to the first weekly decline in four, as jobs data showing steady growth in the labor market kept the Federal Reserve on track to carry out an interest rate increase this year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.