Rate cuts may already be off the table after a mega jobs report — but strategists still aren't concerned about stocks
A red-hot jobs report means that interest rate cuts aren't coming, and a hike could be next. Here's what strategists say is next for rates and stocks.
Stock market today: Nasdaq, S&P 500 sink amid cratered hopes for 2025 rate cuts
Moderna ( MRNA) shares sank 23% at the open on Monday after the biotech giant lowered its 2025 sales forecast by $1 billion because of weak demand for its COVID-19 vaccines and a slower rollout of its new respiratory syncytial virus (RSV) shot.
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.
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%,
Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
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.
Stock market today: Dow revives as Nasdaq, S&P 500 slide amid rate-cut fears
The 10-year Treasury yield ( ^TNX) added to recent gains to touch a 14-month high, trading not far off 4.8% as US bonds sold off. Meanwhile, the dollar ( DX-Y.NYB) surged to a two-year high against major currency peers, with the UK pound ( GBPUSD=X ), in particular, coming under pressure.
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.
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,
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 tumbles more than 750 points following blowout jobs report
US stocks fell Friday after the December jobs report showed another month of strong employment, complicating the Federal Reserve’s rate-cutting campaign.
Jobs report fuels Treasury yield surge as markets brace for 5% threshold
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that ...
Stock Market Today: Dow futures extend losses after 697-point tumble as yields rise; S&P 500 election gains may be wiped out; Oil climbs
Bond yields continue to march higher Monday in the wake of jobs data that suggest the Federal Reserve might make little, if ...
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