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Why UPS Stock Is Down Today

Why UPS Stock Is Down Today

A strong jobs report has investors questioning how soon the Federal Reserve will be able to ease its rate hiking campaign. Shares of United Parcel Service (NYSE: UPS) got caught in the downdraft, down as much as 3.7% on Monday. Through much of 2022, the market has moved based on sentiment about the Fed, and specifically about whether the central bank's rate-hiking campaign will throw the economy into a recession.