Market sees mixed results as Dow Jones falls and gold gains.
TL;DR Summary
US stock futures edged lower as private-sector hiring slowed down, with the S&P 500 and Dow Jones Industrial Average slightly beneath the flatline. Treasury yields inched lower, while gold futures hovered at their highest level in over a year after US job vacancies dropped in February to their lowest levels since May 2021. The monthly Job Openings and Labor Turnover Survey (JOLTS) showed that US employers reported 9.93 million job openings in February, down from over 10.5 million in January. Federal Reserve Bank of Cleveland President Loretta Mester said inflation remains too high and stubborn, and expects to see interest rates move above 5%.
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