"Nasdaq's Five-Day Slide Marks Worst Start to Year Since 2022"

The Nasdaq Composite fell for the fifth consecutive day, and the S&P 500 also saw declines, continuing a weak start to 2024 despite a strong end to the previous quarter. Bond yields increased as new data indicated a strong labor market, with the 10-year U.S. Treasury note yield rising to 3.990%. Investors are anticipating the monthly nonfarm payrolls report for further market direction. Mixed performances were seen in overseas markets, and economic data showed higher-than-expected private sector job growth and low weekly jobless claims, suggesting a resilient labor market.