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Stocks beset by rate hike worries, oil bust

Friday's jobs report gives clear account of recovering economy, suggesting that a September rate hike remains in play

OIL DEPENDENT: It is expected to be a rocky second half of the year for oil as a further slide in prices could begin to affect the rate of growth on the industrial side of the US economy.

A SEPTEMBER rate hike is back on the table, and that has given US stocks the jitters.

Last week, stocks fell as traders lost all hopes of a reprieve from a Federal Reserve interest rate increase this year. Stocks will likely remain under pressure this week as rate hike worries and the oil