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.
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.
Wayfair to exit Germany, cut 730 jobs
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris ...
Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations ...
The last jobs report of 2024 is due this morning. Follow along for live analysis of the December payroll data. Get updates on stocks and other markets, including the Dow Jones Industrial Average, S&P ...
U.S. stock index futures tumbled on Friday after the December jobs report far surpassed economists' expectations. Official data showed 256,000 new jobs were created last month, while the unemployment ...
Stock futures were sliding after the latest jobs report killed any lingering hopes of a January interest-rate cut. The Labor Department said the U.S. added 256,000 jobs in December, well ahead of ...
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