"Stocks Retreat and Apple Stumbles as Rate-Cut Hopes Fade, Fed Report Looms"
TL;DR
U.S. stocks declined and bond yields increased as expectations for rapid interest rate cuts diminished following new jobs data and ahead of the Federal Reserve meeting minutes. The Dow Jones, S&P 500, and Nasdaq all saw drops, with tech stocks being notably affected. Job openings in November fell to the lowest since March 2021, signaling a cooling labor market. Real estate and tech sectors were among the hardest hit, while oil prices surged due to supply concerns. Investors are now less confident in a March rate cut, with the CME FedWatch tool indicating a 75% chance, down from 90% a week earlier.
Topics:businessfinance-and-business##bondyields#federalreserve#finance-and-business#interestrates#jobopenings#stockmarket
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