The February jobs report was released Friday, showing 313,000 nonfarm payrolls added to the economy.
Average hourly earnings only grew 2.6% year-over-year, compared to the 2.9% year-over-year growth seen in January.
Shawn Cruz, TD Ameritrade's manager of trading strategy, said the weaker wage growth is likely to prevent the Federal Reserve from raising interest rates at a faster pace this year.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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