US stocks slipped on Wednesday after a closely watched jobs report fell short of expectations and a top central banker issued a hawkish forecast.
Wall Street’s blue-chip S&P 500 benchmark closed 0.5 per cent lower, accelerating losses late in the New York day and easing back from an all-time high struck on Tuesday.
The lacklustre move came as investors digested a report from the Institute for Supply Management that showed the rate of activity growth in America’s services sector picked up sharply last month.
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