data resulted in a retreat in U.S. Treasury yields, with the benchmark 10-year yield falling back from the highs last seen in 2007.
The 30-stock Dow rose 0.4%, breaking a three-day losing streak, the broad-based S&P climbed 0.8%, while the tech-heavy Nasdaq rose 1.4%.for the previous week. The number came in at 207,000, lower than the expected 210,000 and up from the previous week’s 204,000., which is expected to show the economy added 163,000 positions last month, something that could factor into the Fed's thinking heading into its next meeting in November.
The U.S. central bank signaled it could raise rates again this year and only saw two reductions next year, suggesting it won’t lower interest rates as quickly next year as investors had expected as of mid-summer.) will also be in the spotlight after the cleaning products maker said it expects to post a first-quarter loss, much weaker guidance than had been previously provided. Shares fell 6%.
Crude settled more than $5 a barrel lower on Wednesday, the sharpest one-day loss in more than a year, following the release of data showing the largest weekly build in almost two years for stockpiles of U.S. gasoline. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, had reaffirmed on Wednesday that Saudi Arabia and Russia would continue to cut output by at least 1.3 million barrels a day until the end of the year.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.