Unexpected strong December payrolls data, with the US economy adding far more than expected jobs last month, hammered hopes for lower interest rates. US stocks, however, closed off their session lows.
At 4pm: Dow -1.6% S&P 500 -1.5% Nasdaq Composite -1.6%
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
