Stocks Halt Rout With Dollar Down Most Since 2020: Markets Wrap
- S&P 500 rebounds after four-day selloff; two-year yields drop
- Jobs top forecasts, unemployment up in mixed picture for Fed
This article is for subscribers only.
Stocks rose, with traders weighing mixed jobs figures and awaiting next week’s inflation data for more clues on when the Federal Reserve would be able slow down its pace of rate hikes.
The S&P 500 halted a four-day slide. The dollar slumped the most since March 2020. Two-year US yields, which are more sensitive to imminent policy moves, reversed course and came down.