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.
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