Market Volatility: Stocks React to Jobs Data and Bond Yields
TL;DR Summary
The S&P 500 and Nasdaq rose as fresh data indicated a cooling labor market, while a retreat in U.S. Treasury yields from multi-year highs also boosted investor sentiment. Major growth stocks including Microsoft, Amazon.com, Nvidia, Alphabet, and Tesla saw gains. The ADP National Employment report showed private payrolls rose 89,000 in September, lower than expected. Traders now await the more comprehensive non-farm payrolls data due on Friday.
- Nasdaq, S&P 500 rise after fresh jobs data, Treasury yields retreat Reuters
- Dow sinks by more than 400 points as spiking yields weigh on stocks CNN
- Stocks pummeled, bond yields surge amid hot jobs data: Stock market news today Yahoo Finance
- Why Are Stocks Down Today? InvestorPlace
- Stock Index Futures Plunge Ahead of U.S. JOLTs Report, U.S. Rates Stay in Focus Nasdaq
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
2 min
vs 3 min read
Condensed
86%
485 → 67 words
Want the full story? Read the original article
Read on Reuters