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Trader floor at the New York Stock Market

With the U.S. vaccine effort finally hitting its stride, Americans are growing more and optimistic about the economy. And the stock market is...unhappy?

On Friday, the U.S. reported nearly 380,000 new jobs and a declining unemployment rate, as the increasing pace of vaccinations allows more and more of the economy to re-open. While stocks were up slightly on the news, most of Wall Street has been talking about the fact that the S&P 500 is down more than 3% from its mid-February peak, while the Nasdaq is down nearly 10%.