Reported 6 months ago
World stocks, including Asian stocks, are mixed as markets await key U.S. jobs data after a stronger-than-expected report. Wall Street saw stocks slipping and bond yields rising after the jobs report showed higher job additions than economists anticipated, hinting at a delay in potential interest rate cuts from the Federal Reserve. The S&P 500 and Nasdaq ended the week with minor losses, while the Dow Jones slipped, and smaller company stocks like the Russell 2000 fell. The stronger jobs market has supported the economy but complicates the Fed's interest rate strategy. Investors are awaiting upcoming economic data to gauge inflation's direction and anticipate the Fed to hold rates steady next week.
Source: YAHOO