Some investors are preparing for a hawkish turn from the Federal Reserve by buying the cyclical, economically-sensitive names they gravitated to earlier this year, as expectations grow that the central bank is zeroing in on fighting inflation.
Some investors are preparing for a hawkish turn from the Federal Reserve by buying the cyclical, economically-sensitive names they gravitated to earlier this year, as expectations grow that the central bank is zeroing in on fighting inflation.
Some investors are preparing for a hawkish turn from the Federal Reserve by buying the cyclical, economically-sensitive names they gravitated to earlier this year, as expectations grow that the central bank is zeroing in on fighting inflation.
Tech Stocks, Omicron Concerns Pull Stock Markets Down. Major U.S. indexes gave up their strong early gains and turned lower, setting them on track to finish a bumpy week on Wall Street with losses. Wages Shoot Up in Travel, Food and Other In-Demand Industries.
* U.S. job growth slows; jobless rate plunges to 4.2% * Stocks, bonds yields slide in volatile trade. * U.S. 10-year yields fall to 1.35%, lowest in 10 weeks. * Dollar little changed, gold rises more than 1% By Herbert Lash and Lewis Krauskopf.
By Devik Jain and Sinéad Carew. Wall Street's major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve's easing of support all while they grappled with uncertainty around the Omicron coronavirus variant.
* MSCI global index drops 1% in volatile trade. * Wall St falls after opening up; equities down in Europe. * U.S. job growth slows; jobless rate plunges to 4.2% * US 10-year yields down to 1.37%, lowest in over 2 months. * Oil rises as OPEC+ poised to act if demand weakens. By Lewis Krauskopf and Sujata Rao.
* MSCI global index slides in volatile trade. * Wall St drops after opening up; equities down in Europe. * U.S. job growth slows; unemployment rate plunges to 4.2% * Yields mixed after jobs report, dollar gains. * Oil rises as OPEC+ poised to act if demand weakens. By Lewis Krauskopf and Sujata Rao.
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