Wall Street falls on bank stocks tumble, jobs report jitters


Wall Street’s three major stock indices closed lower on Thursday, with bank stocks creating the biggest drag, while investors also worried that Friday’s jobs report could spur more aggressive interest rate hikes from the Federal Reserve. The S&P 500’s bank index finished down 6.6 percent after hitting its lowest level since mid-October. Investors fled the sector…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Lumber Futures – September 18, 2023
How AI Could Shape the Future of Comp and What It Means for Injured Workers and Employers
Builders’ General Supply hosts 39th annual trade show
Continued weak field inventories buoy lumber prices
Global lumber supplier acquires West Michigan logging company