Wall Street stocks moved lower Thursday, coming off a day of gains amid a bond rout reprieve, with the focus now turning to Friday's key labor market data.A pullback in bond yields' blistering rally has brought some relief to battered stocks, and the 10-year Treasury yield were down 1.9%, just above $84 after breaking below the key level Wednesday for the first time since late August.
Peccatiello acknowledged the irony of the situation, saying:"Too hot a number [or] too cold a number — it's bad for stocks."Initial jobless claims for the week ending September 30 were 207,000, slightly below expectations for 210,000. The stock fell 8% after the previous day's rally. The EV startup said it will offer $1.5 billion worth of convertible debt.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dividend stocks out, energy stocks in for RBC quantitative analyst’s top 40 stock picksDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »
Stocks open little changed as countdown to the jobs report begins: Stock market news todayUS stocks were broadly flat after jobless claims data stayed low, signaling a healthy labor market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks fall as countdown to jobs report begins: Stock market news todayUS stocks were broadly flat after jobless claims data stayed low, signaling a healthy labor market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks edge up as bond selloff takes a break: Stock market news todayWall Street stocks got a respite from the bond rout as investors increasingly accept the idea that the era of low interest rates is ending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks recover as bond sell-off takes a break: Stock market news todayWall Street stocks got a respite from the bond rout as investors increasingly accept the idea that the era of low interest rates is ending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks pummeled as bond yields surge amid hot jobs data: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »