All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.

Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report led to analysts and traders significantly dialing back their odds of further Federal Reserve rate cuts.

A double-shot of hot economic data sent bond yields spiking and the stock market falling as Wall Street continued to rethink the path forward for interest rates. The Bureau of Labor Statistics said November job openings rose to 8.

Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.

Larger-than-expected jump in nonfarm payrolls accelerates Treasury selloff as traders slash bets for Federal Reserve rate cuts.

U.S. stock futures were mostly rising Thursday after a surprise cooldown in a key inflation measure appeared to boost the chances that the Federal Reserve will cut interest rates at some point this year.

Investors will digest fresh labor market data in the week ahead as the Federal Reserve's interest rate path in 2025 remains squarely in focus.

The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.

U.S. stocks sold off on Tuesday, while bonds were dumped after stronger-than-expected economic data. Read more here.

With the two reports, the Federal Reserve’s preferred measure of inflation, the personal consumption expenditures, is now under the 2% target, giving investors hope the central bank will keep on pace for at least two more interest rate cuts.

The stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.

The stock market has rebounded from its recent slump and has returned to pre-election growth, though not quite back to the post-election spike. As of Friday morning, the Dow was up about 350 points to 43,500 (peaked in December), the S&P 500 (peaked in November) was up about 50 to 5,587 and the NASDAQ (peaked in December) was up 265 to 19,605.