Stocks Open Lower and Bonds Fluctuate After November Jobs Report-11.3

U.S. stocks opened lower, Treasuries tried to push higher and the dollar dropped after weaker-than-expected jobs data bolstered speculation the Federal Reserve may have room to slow tightening next year. Oil jumped after OPEC ministers agreed on output cuts.

The S&P 500 vacillated before declining as the data failed to address concern whether the economic growth may be slowing. The 10-year Treasury yield slipped as low as 2.86 percent and the dollar slid against major peers as investors assessed whether the report will bolster central-bank doves.

Original source

Add comment

Please Sign in to be able to leave comments.