Wall Street traders gearing up for Friday’s jobs report got a trio of data that only reinforced the view of a cooling labor market, keeping bets on Federal Reserve rate cuts alive and driving bond yields down.
The latest readings on hiring and jobless claims came ahead of what economists expect to mark the weakest stretch of US job growth since the pandemic. As Treasuries rose, money markets almost fully priced in a Fed move in September and a total of at least two reductions in 2025. Equities fluctuated.
https://www.bloomberg.com/news/articles/2025-09-03/stock-market-today-dow-s-p-live-updates
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