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.
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.
Jobs big picture: Labor market appears 'too strong' for more Fed rate cuts
Just a few months ago, the Federal Reserve was worried about rising unemployment as it moved to aggressively cut interest rates. And now? The Fed is on hold. A strong December jobs report certainly ensured that.
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.
Dow falls almost 700 points after blowout jobs report dashes hopes for more rate cuts
US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve.
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,
Why Palantir Stock's Slide Isn't Over
While Palantir Technologies stock (NASDAQ: PLTR) had a stellar 2024, with its stock rising by about 4x, driven by the market ...
Stock Market Today: Dow finishes down almost 700 points as jump in Treasury yields sparks selloff
U.S. stock futures leaned lower Friday on concern over possible export restrictions on Nvidia, ahead of key data on the jobs ...
Treasury yields rise, stock falls pressured by stronger-than-expected US jobs data
Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations ...
What's New With Prudential Stock?
Prudential Financial’s stock (NYSE: PRU) has done well over the last year, rising by about 19% since early 2024.
Stock market today: Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by ...
Why Archer Aviation Stock Soared 58.8% in 2024 but Is Sinking in 2025
Archer Aviation (NYSE: ACHR) stock saw strong bullish momentum across 2024's trading. The company's share price closed out ...
S&P 500 Gains and Losses Today: Walgreens Stock Pops After Promising Results
The S&P 500 plunged 1.5% on Friday, Jan. 10, as an unexpected surge in hiring in the December jobs report raised concerns ...
Bond Yields Are Nearing 5%. What That Means for the Stock Market.
It’s off to the races for bond yields. That could easily mean more declines for the stock market. The 10-year Treasury yield ...
Ethiopia launches stock exchange in fresh step to liberalise economy
Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's ...
Microsoft Stock: Capital Structure Analysis (MSFT)
Analyze Microsoft's capital structure to determine the roles of debt and equity in its financing, and explore what these ...