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Stocks on Wall Street mixed amid expectations for rate hike
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FILE - The opening bell is seen on the floor at the New York Stock Exchange in New York, March 28, 2023. Wall Street is slipping in the first trading for stocks after a report raised speculation the Federal Reserve may tap the brakes a little harder on the economy. The S&P 500 was 0.6% lower in early Monday, April 10, 2023 trading. - photo by AP Photo/Seth Wenig, file
NEW YORK (AP) — Stocks on Wall Street are mixed in their first trading after a report heightened speculation the Federal Reserve may tap the brakes a little harder on financial markets and the economy. The S&P 500 was 0.2% lower in Monday afternoon trading. It did not trade on Friday, when data showing a resilient U.S. jobs market heightened expectations the Fed would hike interest rates again at its next meeting.