Stocks Drop After Strong Jobs Report Signals More Fed Rate Hikes
- US added 187,000 jobs in August while unemployment rose to 3.8% as Treasury yields increased.
- August job growth likely slowed but still shows a strong labor market, supporting further Fed rate hikes.
- Apple stock extended its winning streak to six days, gaining 45% this year.
- Dell stock hit an all-time high after better-than-expected results and guidance.
- Bitcoin had its worst month since FTX collapse as September is historically challenging for the cryptocurrency.
Barron's 
