"Markets Waver as Jobs Report Looms, Tech Stocks Dip, and Treasury Yields Rise"

U.S. stocks continued to struggle, with the tech sector lagging as Apple's stock fell for the fourth consecutive day. Despite hopes for a rate cut, Federal Reserve minutes suggested interest rates could remain high depending on inflation trends. The labor market showed strength with private companies adding more jobs than expected in December, and jobless claims were lower than anticipated. Investors are now awaiting the December jobs report for further insights into the labor market and economic health. Meanwhile, certain stocks like QuantumScape soared, while others like Mobileye dropped significantly. Oil prices fell, benefiting travel stocks, but energy stocks suffered. Mortgage rates have stalled after a period of decline, and analysts are looking towards earnings season to potentially drive a market rally.
- Stock market news today: Tech lags as Apple falls for 4th straight day ahead of Dec. jobs data Yahoo Finance
- Stock futures inch higher ahead of jobs report with Wall Street's nine-week winning streak in jeopardy: Live updates CNBC
- Bulls, Bears Duel Ahead Of Jobs Report; Six Stocks To Watch Investor's Business Daily
- Markets News, Jan. 4, 2024: Stocks Sink for a Third Day as Treasury Yields Edge Higher Investopedia
- Stock Market Today: Dow, S&P Live Updates for January 4 Bloomberg
Reading Insights
0
9
9 min
vs 10 min read
94%
1,940 → 122 words
Want the full story? Read the original article
Read on Yahoo Finance