Prosper Trading Academy CEO Scott Bauer sits down with Yahoo Finance Live to talk about Venezuela's oil sanctions, how the U.S. is expected to maneuver the announced OPEC+ production cuts, and gas prices.
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U.S. stocks dropped sharply in early trading Friday after data showed the economy was creating jobs at a strong pace, giving the Federal Reserve cover to continue with hefty interest rate hikes to quell inflation. All three major U.S. indices opened lower for the final trading day of the week, with bets on the Federal Reserve raising rates by 75 basis points at its next meeting increasing, sending the dollar higher. The Dow Jones Industrial Average was down 1.69%, the S&P 500 lost 2.17% and the Nasdaq Composite declined 2.79%.