All articles tagged with #november jobs report
Dow Jones futures edged lower ahead of the November jobs report, while Tesla's China sales rebounded in November. An analyst recommended shorting Tesla stock, citing lower earnings forecasts for 2023. The U.K.'s antitrust regulator is reviewing Microsoft's partnership with OpenAI, and Apple aims to produce 25% of its iPhone handsets in India by the end of the decade.
U.S. Treasury yields remained relatively unchanged as investors assessed the state of the economy following the release of labor market data and awaited the November jobs report. The 10-year Treasury yield dipped slightly to 4.17%, while the 2-year Treasury yield recovered some losses to reach 4.589%. Yields fell on Tuesday after lower-than-expected job openings figures indicated a cooling labor market. Uncertainty about the outlook for interest rates persists, with the Federal Reserve expected to keep rates unchanged but providing few hints about the duration of elevated rates.