Stocks at session lows following stronger jobs data

Stocks at session lows: Dow -229, S&P 500 -15, Nasdaq -21:

• Powell testified to Congress for the second day, reiterating that rates will move higher than they previously expected.
• strong ADP and JOLTS data today, showed the U.S. jobs market continues to be strong
• ADP showed private-sector payrolls grew some 242,000 in the month through mid-February, versus an expected 200,000.
• JOLTS Job Openings (Jan) was 10.82M vs 10.55M Expected

You May Also Be Interested In

• Wall St futures decline as US-Iran escalation rattles sentiment
• U.S. issues new Iran-related sanctions
• BofA says S&P 500 technicals point to corrective Q3