US stocks fall as investors weigh hotter-than-expected hiring against slower wage growth in February

Fri, 03/10/2023 - 09:40

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., October 27, 2017. REUTERS/Brendan McDermid — Traders work on the floor of the NYSE in New York.
Thomson Reuters

US stocks fell Friday after a mixed February jobs report.
Hiring at 311,000 jobs last month outstripped expectations of 250,000.
But wage growth slowed, tempering rate-hike expectations.

US stocks fell Friday as investors assessed the February jobs report that showed hiring was still hot in America but wage growth had slowed, curbing expectations the Federal Reserve will upsize its upcoming interest rate hike.