The three major averages are likely to end the week lower after slumping in the last days of August, marking their third consecutive negative week. Stocks have been weighed down by hawkish comments from Federal Reserve officials signaling that interest rate hikes aren’t going away anytime soon. The market is now looking forward to the release of the August jobs report, which will provide additional information about the economic situation. Whether stocks will retest the June lows or reverse their downward trend.
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