From Yahoo Finance: 2024-06-04 10:29:15

U.S. stocks had a mixed day as concerns about job market slowing raised hopes for interest rate cuts. The S&P 500 was down 0.3%, Dow Jones was up 0.1%, and Nasdaq was lower by 0.4%. Treasury yields fell after a report showed fewer job openings. Wall Street wants a slowdown to control inflation and lower interest rates, but worries about a recession linger. Oil prices dropped, causing oil-and-gas stocks to decline. Companies like Exxon Mobil and Diamondback Energy faced losses. Despite some winners like Old Dominion Freight Line, Designer Brands and GameStop faced declines. The bond market saw yields drop, with the ten-year Treasury falling to 4.35%. Indices globally were mixed, with India’s Sensex dropping 5.7% after the country’s elections.



Read more at Yahoo Finance: Wall Street is mixed as bets rise for rate cuts following job-openings data