U.S. stocks extended losses early Thursday as bond yields charged forward. The moves followed data on the labor market that disappointed before the open and confirmation from the European Central Bank of its intention to raise interest rates next month.
The S&P 500, Dow Jones Industrial Average, and Nasdaq each fell roughly 0.5% at the start of trading.
Weekly filings for unemployment insurance totaled 229,000 last week, the most since January, and a sign of potential stress building in the…
Source link
