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flag U.S. stocks fell Thursday amid mixed jobs data and uncertainty over Fed rate cuts, while the dollar surged.

flag U.S. stock markets closed lower on Thursday as the Dow dropped 174 points, the S&P 500 and Nasdaq both fell 0.50 percent, driven by mixed economic data and growing uncertainty over Federal Reserve interest rate cuts. flag A drop in jobless claims to 218,000 for the week ending September 20 was offset by a still-elevated four-week average near 237,500, fueling caution. flag The U.S. dollar surged to a multi-decade high against the yen, while the euro and pound weakened. flag Global markets were mostly lower, with European indices declining and Asian markets mixed—Japan’s Nikkei 225 hit a multi-decade high, while others like Hong Kong, India, and Indonesia fell. flag Canada and Australia saw modest moves.

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