The stock market closed a week of losses amid a strengthening labor market and concerns regarding a pause in interest rate cuts in December.
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The S&P 500 fell by 1.95%.
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The Nasdaq closed down 2.74%.
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The Dow Jones declined by 1.91%.
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10-year bond yields dropped by 2.05% to 4.06%.
Sector Performance
The Healthcare sector outperformed, rising by 1.83% over the past week. Conversely, the Technology sector was the weakest performer, dropping by 5.19%.