"Nasdaq's Five-Day Slide Marks Worst Start to Year Since 2022"
TL;DR
The Nasdaq Composite fell for the fifth consecutive day, and the S&P 500 also saw declines, continuing a weak start to 2024 despite a strong end to the previous quarter. Bond yields increased as new data indicated a strong labor market, with the 10-year U.S. Treasury note yield rising to 3.990%. Investors are anticipating the monthly nonfarm payrolls report for further market direction. Mixed performances were seen in overseas markets, and economic data showed higher-than-expected private sector job growth and low weekly jobless claims, suggesting a resilient labor market.
Topics:businessfinance-and-business##bondyields#economy#finance-and-business#labormarket#nasdaq#stockmarket
- Stock Market News Today: Nasdaq Closes Lower for Fifth Straight Day The Wall Street Journal
- Nasdaq closes lower for a fifth day, its longest losing streak since October 2022: Live updates CNBC
- Stock Market Today: Nasdaq Logs Longest Daily Losing Streak Since 2022 Kiplinger's Personal Finance
- Stocks' Bad Start to 2024 Has Forecasters on Edge The Wall Street Journal
- Nasdaq logs longest losing streak in over a year as the S&P 500 falls for a fourth day to extend the dismal 2024 start MarketWatch
Want the full story? Read the original reporting
Read on The Wall Street Journal