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Stock Market Today: Dow pares earlier gains following jobs data


Published on 2025-01-07 10:41:34 - MarketWatch
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  • Ten-year Treasury yields were hovering just shy of their highest since last May, and the 30-year yield was close to its highest since November 2023, as investors continued to show concern that President-elect Trump's import tariff and immigration plans may revive inflationary pressures.

The article from MarketWatch discusses the current state of the U.S. stock market, focusing on the anticipation surrounding upcoming jobs reports. Investors and traders are closely watching for the U.S. jobs data, particularly the nonfarm payrolls report, which could influence the Federal Reserve's decisions on interest rates. The Dow Jones Industrial Average futures were steady, indicating a cautious market mood. There's a mention of recent economic indicators showing a cooling labor market, which might suggest a pause in rate hikes. Additionally, the article touches on other market influences like corporate earnings, with specific references to companies like Apple and Amazon, and broader economic concerns such as inflation and potential recession signals. The overall sentiment is one of cautious optimism, with markets reacting to both economic data and geopolitical developments.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-steady-as-traders-eye-looming-jobs-reports ]