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Stocks Slumped on the Heels of January's Outstanding Jobs Report. What Gives?

Stocks Slumped on the Heels of January's Outstanding Jobs Report. What Gives?

January's highly anticipated jobs report was loaded with positive news. Not only did the U.S. economy pick up a whopping 517,000 jobs last month, but the national unemployment level fell to 3.4%. After all, if companies have money to hire with and jobs are being added, it means we shouldn't see a drastic near-term decline in consumer spending.