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Slowing job growth, stimulus worries weigh on Nasdaq

The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession.

July U.S. employment growth slows sharply

U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering.

Dollar gains, stocks ebb after jobs data halts rally

The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.

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