Dow falls almost 700 points after blowout jobs report dashes hopes for more rate cuts
US stocks slid Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve. The Dow dropped by nearly 700 points, or 1.6%; while the S&P 500 fell by 1.
Stocks Drop After Jobs Report Shows Hot U.S. Labor Market—Here’s Why
Yields for the 10-year Treasury shot up Friday to their highest level since 2023, putting pressure on stock valuations.
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%. The tech-heavy Nasdaq Composite ( ^IXIC) tumbled 1.6%. The three major gauges erased all year-to-date gains with Friday's pullback.
Jobs Report Shows the Economy Is Strong. Why the Stock Market Is Falling Anyway.
Wall Street’s reaction to the strong December jobs report shows just how much bond yields and interest-rate expectations are driving the stock market these days. The Dow was down 600 points, or 1.4%,
Dow Falls About 700 Points After Jobs Report Sends Yields Spiking Again
The stock market fell sharply on Friday after a hotter-than-expected December jobs report had Wall Street wondering if the Federal Reserve is done cutting interest rates. The Dow Jones Industrial Average fell about 700 points,
Jobs Report Today: S&P 500, Nasdaq Futures Fall
The December employment report is due this morning. Live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Dow Slides 600 Points After Jobs Report, Sentiment Data
As if a hot jobs report wasn’t enough, the stock market fell sharply again after the University of Michigan’s latest survey showed an uptick in inflation expectations. The Dow was down 600 points, or 1.
Stock market today: Dow plunges 697 points after jobs report hits rate-cut bets
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," Jeremy Siegel said.
Why the December Jobs Report Dashed Hopes for Another Fed Rate Cut
Key Takeaways The odds of the Federal Reserve cutting its benchmark interest rate this year fell after a jobs report Friday showed hiring in December blew past expectations.Strong job growth means less pressure on the Fed to cut interest rates to save the economy and prevent layoffs.
Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying
The December jobs report showed a surprise surge in hiring and an unexpected drop in the unemployment rate. Taken together, the data strengthen the case for the Federal Reserve to maintain its current cautious stance toward lowering borrowing costs,
US jobs report smashes expectations as unemployment rate falls to 4.1%
The US job market delivered a shocker in December, obliterating forecasts with a surge in job creation and a drop in the unemployment rate. Nonfarm payrolls skyrocketed by 256,000, blowing past the Dow Jones estimate of 155,
Dow tumbles nearly 700 points Friday as strong jobs report casts doubt over Fed's rate-cut path
The Dow Jones Industrial Average lost 696.75 points, or 1.63%, to close at 41,938.45. The S&P 500 slid 1.54% to 5,827.04, ...
Nasdaq, S&P, and Dow trade mixed as inflation data and bank earnings loom
Wall Street's major market averages trade mixed on Monday, as negative sentiment still swirls in the air after Friday's ...