Stocks tumble at the open after jobs report blows past expectations: Stock market news today

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Investors considered the possibility that the strong jobs report could sway the Federal Reserve's thinking on whether to hold or hike interest rates.

, as investors considered the possibility that it could sway the Federal Reserve's thinking on whether to hold or hike interest rates.in the labor market that were forecast. The US economy added 336,000 jobs in September, almost twice the number expected. That could give the Fed more evidence that the labor market remains strong, making the case for a more restrictive policy for longer.

France blocked a deal that would have seen the takeover of two Canadian-owned French maker of valves used in nuclear reactors because it did not think commitments made by U.S. bidder Flowserve were sufficient, a finance ministry source said. Flowserve, which makes pumps and valves, said on Thursday it was dropping its $245 million takeover of Montreal-based Velan, whose French subsidiaries Segault and Velan SAS make valves used in nuclear plants, submarines and aircraft carriers.

SAN FRANCISCO, Oct. 05, 2023 -- Vir Biotechnology, Inc. today announced the Company will provide a corporate update and report financial results for the third quarter ended September 30, 2023, on November 2, 2023. The Company will host a conference call at 4:30 p.m. Eastern Time on November 2, 2023.

 

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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
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Stocks plummet after jobs report blows past expectations: Stock market news todayInvestors are waiting for the release of the monthly US jobs report that could sway the Fed on whether to hold or hike interest rates.
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Battered dividend stocks may be buying opportunity for investors'We've seen a real switch in the market and so it's a bit painful for dividend investors.'
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What investors need to consider with growth and dividend stocks10-year Treasury bonds are experiencing a massive slump of 46% since peaking in March 2020, after the realization of higher for longer interest rates has set in. Investors are now questioning if a recession will occur and how soon. Marketgauge.com Chief Strategist Michele Schneider joins Yahoo Finance to break down the recent slump in the bond market, what a recession could mean for the market, and what investors should consider for their portfolio moving forward. Schneider warns investors in growth and dividend stocks: 'The market may not necessarily crash so much, but it may take years possibly, two, three, or more years for those numbers to come back in terms of those growth stocks and even the dividend bearing stocks. You have to realize at what point are your dividends taking control of your life as opposed to watching the stock go down.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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S&P/TSX composite down as price of oil and energy stocks fall, U.S. stock markets upTORONTO — Canada's main stock index was down in late-morning trading as the price of oil fell and losses in energy stocks weighed on the market. The S&P/TSX composite index was down 56.87 points at 18,964.05.
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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.
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