Stock market today: S&P 500 closes lower as spike in Treasury yields weigh

Investing.com-- The S&P 500 slipped lower Monday, pressured by a rise in Treasury yields after last week's blowout jobs report dented hopes for a jumbo Fed rate cut next month.

A slew of Federal Reserve officials are set to speak in the coming days, offering monetary policy clues following the strong September jobs report. "It looks like it is still a strong labor market...it's really good news as we want to keep a strong labor market," Neel Kashkari said, referencing the blowout September jobs report.due Wednesday are likely to provide further clues on rate cuts. The Fed had cut rates by 50 bps during the meeting and marked the start of an easing cycle.inflation data for September is also due later this week, and is likely to factor into expectations for the path of U.S. interest rates.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 rides Nvidia-led rally to close higherStock Market Today: S&P 500 rides Nvidia-led rally to close higher
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 ends lower as stocks take breatherStock Market Today: S&P 500 ends lower as stocks take breather
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highsStock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highs
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes lower as rising Middle East tensions weighStock market today: S&P 500 closes lower as rising Middle East tensions weigh
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: The S&P 500 consolidates gains above 5700Stock Market Today: The S&P 500 consolidates gains above 5700
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 snaps 7-day win streak as Fed delivers jumbo rate cutStock Market Today: S&P 500 snaps 7-day win streak as Fed delivers jumbo rate cut
Source: Investingcom - 🏆 450. / 53 Read more »