Labor market cooling, S&P 500 drops, Costco shares fall, Canada's unemployment rises, China's vehicle sales decline

From Morningstar:

The hiring boom continues, but signs of a cooling labor market boost hopes of a rate cut. Stocks fall after February jobs report, with the S&P 500 dropping and Costco shares falling 7.6%. Canada’s unemployment rate edges back up to 5.8% in February, despite solid hiring. China’s vehicle sales fall due to a price war and long holiday. German industrial production ticks up more than expected, providing some positive news. New lenders enter fund finance after regional banking crisis, seizing opportunities in a money-starved sector.



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