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Schwab's stock drops 5.72% as weak August job numbers spark Fed rate cut speculation.
Charles Schwab's stock fell 5.72% on Friday after the U.S. added only 22,000 jobs in August, far below expectations.
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.
Despite the downturn, Schwab's momentum score remained strong at 84.76.
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Las acciones de Schwab caen un 5.72% debido a que las débiles cifras de empleo de agosto provocan la especulación de recorte de tasas de la Fed.