|Day's Range||22,233,478.00 - 22,466,968.00|
|52 Week Range||21,110,710.00 - 61,667,020.00|
|Volume (24hr) All Currencies||25.76T|
Nonfarm payrolls increased by 263,000 in November, exceeding the expected 200,000 increase, dashing hopes of an easing monetary policy path.
Yahoo Finance’s Jared Blikre breaks down how stocks are trading following the November jobs report.
Checking traditional markets, Nasdaq futures have tumbled nearly 2% following the strong data and the 10-year Treasury yield has jumped 9 basis points to 3.6%. Index swaps are now pricing in a terminal fed funds rate of 4.95%, up from 4.6% a day ago. “The labor market, which is especially important for inflation … shows only tentative signs of rebalancing and wage growth remains well above levels that were consistent with 2% inflation over time,” Fed Chair Jay Powell said during an event at the Brookings Institution in Washington, D.C., on Wednesday.