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flag Schwab's stock drops 5.72% as weak August job numbers spark Fed rate cut speculation.

flag Charles Schwab's stock fell 5.72% on Friday after the U.S. added only 22,000 jobs in August, far below expectations. flag This weak jobs report fueled concerns about economic growth and increased speculation that the Federal Reserve will cut interest rates to support the economy, potentially hurting financial firms' profitability. flag Despite the downturn, Schwab's momentum score remained strong at 84.76.

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