U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
Read More Wall St kicks off 2024 on a dull note as yields rise, Apple dipsTag: U.S. stocks
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Read More Wall Street tumbles to sharply lower close as abrupt sell-off snaps rallyUS labor market shows strength amid surge in payrolls gains
U.S. job growth accelerated in November while the unemployment rate fell to 3.7%.
Read More US labor market shows strength amid surge in payrolls gainsBig investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-lived