US stocks lower on rate hike worries

By Sinead Carew and Devik Jain and Anisha Sircar
Updated June 5 2022 - 9:06pm, first published 9:00pm
Tesla shares plunged after Elon Musk said he needed to shed 10 per cent of the car maker's staff.

Wall Street's three major stock indexes ended lower after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.

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