Bonds, Hot Jobs Report Chip Away at Stocks
A 162,000-job gain and an Iran-driven bond sell-off pushed yields higher and fueled fresh calls for Federal Reserve rate cuts.
8 Articles
8 Articles
Wall Street Review: Stocks Mixed Amid Oil Surge, Strong Job Growth
Stocks finished the week mixed as oil prices climbed and hiring data came in stronger than forecast, leaving investors with no clear read on where markets head next. The Dow Jones Industrial Average slipped 0.27 percent for the week to 53,414. The S&P 500 edged up 0.09 percent to 7,718, while the Nasdaq Composite outperformed with a 0.4 percent gain. The Russell 2000 rose 0.11 percent. Meanwhile, the CBOE Volatility Index climbed 0.69 percent to…
Employment in the United States grew significantly faster than expected last month. A total of 162,000 jobs were added in August, according to the latest report from the U.S. Bureau of Labor Statistics. Analysts had anticipated growth of 53,000 jobs.
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