MarketsHighConfirmedAccelerating
7.8
Strong US jobs data pressures Dow, S&P on rate hike bets
Capital.grLO·US·about 10 hours ago
US equities closed lower Friday as stronger-than-expected labor data revived expectations of Fed rate hikes, pushing Treasury yields higher. The Dow fell 0.51%, S&P 500 0.38%, Nasdaq 0.29%, with thin pre-holiday trading. This marks a reversal from prior easing bets, signaling potential policy tightening that could pressure risk assets.
Locations
Entities