Market Volatility: Bond Yields, Jobs Report, and Data Breach Shake Wall Street
TL;DR Summary
The S&P 500 and Nasdaq showed mixed performance as higher Treasury yields raised concerns about potential delays in U.S. Federal Reserve interest-rate cuts. Hawkish comments from central bank officials and strong economic data have lessened expectations for quick rate cuts, with the market now seeing a 51% chance of the first rate cut in June. The focus now shifts to the U.S. Consumer Price Index and the release of minutes from the Fed's latest meeting. Tesla gained after Elon Musk announced the unveiling of the Robotaxi, while cryptocurrency-related stocks rose alongside bitcoin prices.
- S&P 500, Nasdaq choppy as higher bond yields weigh Reuters
- Dow drops 500 points, continuing Wall Street’s rough streak ahead of jobs report CNN
- Dow closes 300 points higher in Friday rebound, but registers worst week in 2024: Live updates CNBC
- Fed members' updated interest rate outlooks rock markets TheStreet
- AT&T data breach: Find out if you were affected The Associated Press
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