U.S. stocks opened lower Friday as investors assessed a stronger-than-anticipated jobs report. The Dow Jones Industrial Average DJIA, -0.46% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -0.84% fell 1.1% and the Nasdaq Composite COMP, -1.06% dropped 2%, according to FactSet data, at last check. The U.S.
Bureau of Labor Statistics said Friday that 517,000 jobs were created in January while the unemployment rate was little changed at 3.4%. Economists polled by The Wall Street Journal had forecast 187,000 new jobs last month. Treasury yields jumped after the jobs report, with the yield on the two-year Treasury note up 14 basis points at 4.23% and 10-year yields rising 10 basis points to 3.5%, FactSet data show, at last check.
Friendly reminder that the stock market actually measures worker exploitation.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Slips 150 Points Post-Fed; Meta Stock SurgesThe Nasdaq is up 3% midday as tech shares lead a post-Fed rally. Earnings results from Apple, Alphabet and Amazon are due after the bell.
Source: WSJ - 🏆 98. / 63 Read more »
Dow and S&P 500 updates: Stock market news todayThe US job market is expected to have remained strong in January, adding 185,000 jobs. That's about on par with America's average monthly job growth over the past decade, but it would represent a slowdown from the strong post-pandemic gains of the past couple years. And Republicans will again say their greatest Shoutout! 'Its fake, fake fake fake! Republicans wants to make americans miserable so they can play the 'blame-game'... as usual Politics Can someone tell me where the recession is I'm still trying to find it...😄 We’ll duh…most illegal came here to work.
Source: CNN - 🏆 4. / 95 Read more »
5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day. Please stop the Joe Scarborough segments....msnbc is destroying your credibility. TRUE STORY How do I go viral so that I can find 30 people with 8mins of free time in this pool of 400 million to read a few stories? Pls don't judge without reading, I am trying to find little help through my stories and a book for my family. Link in pinned tweet. Too much to ask?
Source: CNBC - 🏆 12. / 72 Read more »