Marketwatch today
Stocks moved lower and the dollar is gaining!
That was influenced by fresh labor-market data that supports the case for an aggressive Federal Reserve approach
Tweet on Market today
U.S. stock futures retreated Thursday, as investors digested the latest readouts from a still-strong labor market.#markets #news pic.twitter.com/dD5oYPmLt8
— The_Journalbiz (@the_journalbiz) January 5, 2023
FactSet chart on stock market
Major U.S. stock indexes slipped early Thursday after strong jobs data supported the case for further Federal Reserve tightening.
The S&P 500 lost 0.7%. The Dow industrials fell 0.8%, or about 280 points.
The Nasdaq Composite dipped 0.9%.
The 10-year U.S. Treasury yield was at 3.767% from late Wednesday’s 3.709%.
