Markets React to Jobs Report with Mixed Signals and Bitcoin Volatility
TL;DR Summary
The November jobs report showed a rebound in payroll gains, with 227,000 jobs added, despite a slight increase in the unemployment rate to 4.2%. This data supports expectations for a Federal Reserve rate cut on December 18, with market odds for the cut rising to 89%. The S&P 500 futures rose slightly, indicating a stable labor market but not a reacceleration. The Fed is likely to pause further rate cuts after December, as inflation remains a concern.
- Jobs Report: Hiring Rebound, Jobless Rate Key (Live Coverage) Investor's Business Daily
- Stock market today: Dow, S&P 500, Nasdaq futures waver after crucial jobs report Yahoo Finance
- US Stocks Likely To Open In Red As Investors Remain Cautious Ahead Of Key Payrolls Data: Bitcoin's Rally Above $100K Is 'Precursor' To S&P 500's Performance For Rest Of The Year, Fundstrat's Tom Lee Says Benzinga
- Markets News, December 5, 2024: Stocks Slip as Market Takes Breather from Rally Ahead of Jobs Report; Bitcoin Drops Below $100K Investopedia
- Stock Market Today: Dow, S&P 500 Set to Open Higher After Jobs Report; Lululemon, Rubrik, More Movers Barron's
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