Stocks turn lower as rate fears rise after strong jobs report

Stocks turned negative after the Labor Department’s February jobs report handily exceeded expectations, reaffirming the building momentum in the economic recovery, but also stoking a rise in Treasury yields and concerns over an economic overheating.

The S&P 500 dipped, and the Dow gained fell into negative territory after rising earlier in the session. The Nasdaq erased earlier gains and fell another 1.5%, pacing toward a fourth straight session of steep declines. The index has erased its…


Source link

About search

Check Also

49ers pick Florida WR Pearsall No. 31 overall, bolster offense – Yahoo Sports

49ers pick Florida WR Pearsall No. 31 overall, bolster offense – Yahoo Sports

[unable to retrieve full-text content]49ers pick Florida WR Pearsall No. 31 overall, bolster offense  Yahoo Sports …

Leave a Reply

Your email address will not be published. Required fields are marked *