Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%. The tech-heavy Nasdaq Composite ( ^IXIC) tumbled 1.6%. The three major gauges erased all year-to-date gains with Friday's pullback.
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal ...
A hot December jobs report has many strategists confident the Federal Reserve will hold off on further interest rate cuts for ...
The Labor Department released its jobs report for December, which showed the U.S. economy added 256,000 jobs last month, well ...
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris ...
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," ...
Payrolls: 256,000 jobs added in December vs. 153,000 expected, according to economists surveyed by FactSet. Unemployment rate ...
18hon MSN
The US economy closed out 2024 with another month of massive job growth, adding 256,000 positions in December.
The December jobs report from the Labor Department is expected to show slower growth before President-elect Donald Trump ...
Minutes suggest that Fed policymakers were already returning to the data-dependent mindset in the face of the incoming Trump ...
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