U.S. financial markets went into a tailspin on Friday, as the U.S. unemployment rate dipped to 3.5% — lower than expectations. That’s a good thing, no?
No. To curb inflation, this is a sign that an interest rate raise is on the way from the Fed.
With the Dow Industrials average down 2% and the Nasdaq down 3.8%, how did broadcast media stocks fare?
