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"There is concern that the labor market isn't showing any signs of cooling," putting financial markets "very much on edge", said Tony Sycamore, a market analyst at IG. U.S. two-year Treasury yields spiked to a more than two-month high of 4.497% overnight but eased to 4.460% in Tokyo. The 10-year yield , which rose as high as 3.784% in New York, dropped to 3.726%.
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Stocks rise as Wall Street attempts rebound on second trading day of 2023Stock futures inched lower in overnight trading Tuesday after markets kicked off 2023 on a sour note. Will be red by 11:00am dammit! 🦫 I see Cramer is ranting again about how he wants companies to layoff people in order to raise the stock price 5 minutes later he says he wants people to be laid off & not find new jobs or jobs paying less to bring down the economy How screwed up is that mindset…The Rich, meh! Tesla falls 10% on news of 40% yoy growth!! Fcuking analysts must be crazy!! Get real!!
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Stocks close higher, snap 2-day losing streak as Wall Street shakes off Fed minutesStocks closed higher Wednesday as investors looked past Fed meeting minutes that showed the central bank will remain aggressive in its policy to tame high inflation. The Dow gained 0.40%. The S&P 500 popped 0.75%. The Nasdaq rose 0.69%.
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Another hot reading on job market sends Wall Street lowerStocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy in order to fight inflation.
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