U.S. stocks opened with a burst of optimism Wednesday, but by mid-afternoon that enthusiasm had faded as stronger-than-expected jobs data pushed Treasury yields higher and trimmed hopes for near-term Federal Reserve rate cuts. Wall Streets Early Pop Fizzles as Hot Jobs Data Lifts Yields, Weighs on Stocks At the time of writing, on Feb. 11, []
U.S. stocks opened with a burst of optimism Wednesday, but by mid-afternoon that enthusiasm had faded as stronger-than-expected jobs data pushed Treasury yields higher and trimmed hopes for near-term Federal Reserve rate cuts. Wall Streets Early Pop Fizzles as Hot Jobs Data Lifts Yields, Weighs on Stocks At the time of writing, on Feb. 11, []
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