December Jobs Report Strengthens, Raising Concerns of Higher Interest Rates
The stock futures took a slight dip on Friday after the release of the stronger-than-expected December jobs report. This news has raised concerns that the Federal Reserve might keep interest rates higher for a longer period of time. The three major averages are also on track to break their nine-week winning streaks. Additionally, the benchmark 10-year Treasury yield rose to around 4.08%.
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