Wall St falls as recession fears rise after jobless claims data

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Wall St falls as recession fears rise after jobless claims data
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Wall Street's main indexes fell on Thursday as latest labor market data pointed to slowing economic growth due to rapid interest rate hikes, with risk-wary investors looking forward to monthly jobs data for a clearer picture of the economy.

Initial jobless claims fell to a seasonally adjusted 228,000 for the week ended April 1, a Labor Department report showed, but the prior week data was revised to show 48,000 more applications were received.

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