The Dow, Nasdaq and S&P500 Close Lower

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The Dow, Nasdaq and S&P 500 closed lower for the first week of March, breaking February’s run of gains. It was the steepest drop in two months for the S&P 500, as a robust nonfarm payrolls report increased the likelihood of a mid-2015 fed funds rate hike. European and Asian equities were mixed. The yield on the benchmark ten-year U.S. Treasury climbed to 2.25% following the jobs report, its highest level since December. Oil and gold prices closed down for the week.

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