Dow, S&P 500 Stumble as Bond Yields Retreat

A cooling labor market data sent the 10-year Treasury yield below 4.2%, though

Deputy Editor
Dec 5, 2023 at 4:28 PM
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Stocks stalled out again today, with the Dow settling lower, the S&P 500 closing flat, and the Nasdaq managing a minor win. Despite the December dreariness on Wall Street, job openings fell to 8.7 million in October, the lowest level since March 2021 and signaling a cooling labor market. In response, the 10-year Treasury yield dropped below the key 4.2% for the first time since early September. 

  • Robinhood stock boosted by crypto trading volume
  • Put traders eye lithium stock after downgrade. 
  • Plus, stock market sentiment shifting into November; Dow stock at a crossroads; and NOK loses AT&T deal. 
 

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NYSE Nasdaq 1205

5 Things to Know Today

    1. Goldman Sachs sees an increasingly supportive environment for deal-making on Wall Street. (MarketWatch)
    2. The trailer for Grand Theft Auto VI was released early after leaking online. (Bloomberg)
    3. Plenty of buying power to fuel a Santa Claus Rally. 
    4. Blue-chip pharma stock updates guidance. 
    5. Behind Nokia stock's three-year lows

    Earnings 1205

    UVOL 1205

    Oil Falls for 4 Straight

    Oil futures dropped for the fourth-straight day to settle at their lowest level since July. January-dated West Texas Intermediate (WTI) crude fell 72 cents, or 1%, to settle at $72.32 a barrel. 

    Gold prices are slipping further from yesterday's record highs. At last look, February gold futures were down 0.2% at $2,038.30.  

     

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