How Far Can Bonds Keep Falling in the Face of Persistent Labor Market Strength?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Market Overview Analysis by Shane Neagle covering: USD/JPY, S&P 500, US Dollar Index Futures, United States 10-Year. Read Shane Neagle's latest article on Investing.com

Stocks and bonds fell sharply on Tuesday following the release of jobs data that strengthened the case for the Federal Reserve to maintain higher interest rates for an extended period.dropped 1.4% while Nasdaq lost 1.9% as investors continued to rebalance their portfolios to account for higher bond yields.

The increase in job openings reported in the August JOLTS data was primarily driven by small businesses with fewer than 10 employees. These smaller enterprises accounted for the majority of the rise in job openings. Medium-sized businesses also reported substantial increases in job openings, while the rise for large corporations was relatively modest.

Moreover, this report marked the second piece of strong economic data in as many days, following Monday's manufacturing ISM data. Taken together, the last batch of economic data has raised concerns among investors that the Fed may be forced to deliver more rate hikes in the coming months. The JOLTS data also aligns with signals from the latest U.S. GDP data, which emphasized the impact of government spending on economic growth. This further supports the argument for higher interest rates over an extended period, leading to increased yields and more weakness for the stock market.Stocks have been surging in recent months amid widespread AI optimism, as well as the belief that the Fed will ultimately be able to engineer a soft landing.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 450. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Reed Hastings pulls Powder Mountain properties off the market, will ‘reset’ next summerFormer Netflix CEO Reed Hastings has halted sales of Powder Mountain lots until the ski resort rebrands in summer 2024.
출처: sltrib - 🏆 316. / 61 더 많은 것을 읽으십시오 »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
출처: nbcchicago - 🏆 545. / 51 더 많은 것을 읽으십시오 »