From Investing.com: 2024-04-02 17:02:04

The major U.S. stock indexes dropped about 1% as strong labor demand data hinted at a delay in interest rate cuts by the Federal Reserve. The dollar hit a four-month high but retreated later. Job openings in the U.S. rose slightly to 8.756 million in February, showing a reflective robust economy. Speculation about imminent interest rate cuts has investors buying risky assets. Treasury yields surged after recent strong economic data. Eurozone manufacturing activity continued to contract in March. Gold reached a new high amid Middle East tensions and a strong dollar. Oil prices climbed above $89 due to Ukrainian attacks on Russian energy facilities.



Read more at Investing.com: Stocks fall, yields climb as rate cut outlook takes a hit By Reuters