All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.
Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report led to analysts and traders significantly dialing back their odds of further Federal Reserve rate cuts.
A double-shot of hot economic data sent bond yields spiking and the stock market falling as Wall Street continued to rethink the path forward for interest rates. The Bureau of Labor Statistics said November job openings rose to 8.
Larger-than-expected jump in nonfarm payrolls accelerates Treasury selloff as traders slash bets for Federal Reserve rate cuts.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
Stocks traded lower Thursday, with the S&P 500 on pace to end a three-day winning streak, as big tech shares pulled back.
U.S. stock futures were mostly rising Thursday after a surprise cooldown in a key inflation measure appeared to boost the chances that the Federal Reserve will cut interest rates at some point this year.
The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
U.S. stocks sold off on Tuesday, while bonds were dumped after stronger-than-expected economic data. Read more here.
The S&P 500 index has pulled back in the past few weeks as investors focus on the bond market and its rising risks. The SPX fell to $5,827, its lowest level since November 2, and 4.50% from its highest level in 2024.
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
Wall Street's major averages are mixed on Tuesday, as investors received the latest round of labor data in the form of the JOLTS report.