Stocks mixed, Treasury yields drop after jobs data
NEW YORK (AP) – Stocks are trading in a tight range after a disappointing report on the jobs market is renewing concern about the health of the economy.
But traders also see the report as adding to the likelihood the Federal Reserve will take action to further stimulate the economy. Such a move by the Fed could eventually make stocks more enticing investments, which has limited Wednesday’s disappointment.
Any Fed action would likely include the purchase of Treasury bonds, which has driven their price higher and yields lower.
The Dow Jones industrial average is down 1, or less than 0.1 percent, at 10,944. The S&P 500 is down 1, or 0.1 percent, at 1,160, while the Nasdaq composite is down 7, or 0.3 percent, at 2,393.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Venture Tech merges with ISC, acquires SAT
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Georgia-Pacific completes acquisition of SPG Holdings
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- Officials set hunting dates for birds; expands dove season by 20 days
- Community Bank names new officers
- Southern Bancorp to acquire Bank of Bolivar County
- Corps official: River needs larger ports, locks and dams