Stocks Lower Amid Further Signs of Labor Slowdown
The major indexes extended a sideways pattern as investors marked time ahead of a critical Nonfarm Payrolls Report on Friday.
Today's Options Market Update
With the November jobs report on Friday looming, investors appeared to be moving back into mega-cap tech names following a retreat from them over the last few weeks. This could reflect worries about global economic growth.
Opening Market Update
Trading patterns showed money flowing back to mega-cap companies in some of the top performing sectors in 2023, which could hurt market breadth and signal concern about a slowdown.
Fixed Income Outlook: The Rocky Road Bond Market
Although some volatility may continue, we believe interest rates have peaked. We expect lower Treasury yields and positive returns for investors in 2024.
Closing Market Update
The major indexes eased as investors marked time ahead of a critical Nonfarm Payrolls Report on Friday.
Stocks Slip Amid Signs of Job Market Deterioration
Investors overlooked a further drop in Treasury yields and continued to digest the market's November rally ahead of key November payrolls report.
Stocks Weaken as Employment Numbers Loom
The major indexes pulled back from last month's rally as Treasury yields ticked higher and investors looked ahead to the November Nonfarm Payrolls Report.
2024 Global Outlook: The Big Picture
Our outlook for 2024 is for a gradual U-shaped recovery composed of seemingly chaotic movements in economic data with turning points in policy rates and earnings growth.
Stocks Extend Rally on Inflation, Rate Optimism
The major indexes rose for a fifth consecutive week behind a further drop in Treasury yields and growing confidence inflation will continue to recede.