News Snapshot:
Markets are down on Friday on renewed worries about inflation after a jobs report showed wages for U.S. workers are accelerating faster than expected. U.S. stock indexes fell sharply immediately after the government released the stronger-than-expected data on both wages and hiring. The report raised concerns that inflation may prove to be even stickier than feared, which could prevent the Federal Reserve from easing back on its big interest-rate hikes that are hurting the economy. The S&P 500 was down 10 points, or 1%, at 4,036 at 10:00 a.m. Eastern Time. The Dow was down 0.8% while the tech-heavy Nasdaq...
