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Market Volatility Increases Following Release Of US Jobs Report

U.S. stocks settled lower on Friday following an upbeat data on nonfarm payrolls for September, which increased prospects that the Federal Reserve will continue with its aggressive rate-hike campaign. Nonfarm payrolls climbed by 263,000 jobs last month, above market expectations of 250,000, while the unemployment rate declined to 3.5%, versus estimates of 3.7%.

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