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Jobs Report Jitters and Energy Surge | US News
Stocks are mixed ahead of a pivotal August jobs report that could shape the Fed’s next rate move—S&P and Nasdaq up, Dow down. The labor market may have rebounded with 65K new jobs after July’s slump, but worker shortages and automation remain hurdles. Energy markets are under pressure as U.S. crude dips slightly amid record-high gasoline and diesel prices fueled by Iran tensions disrupting global supply. Lululemon’s stock plummets over 20% on another earnings downgrade, while Fed watchers eye Governor Waller’s hints at possible rate pause if inflation cools. Globally, markets are choppy—with…
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