S&P 500 futures and Treasury yields gain on Friday as March labor report shows resilient economy
Publishing timestamp: 2023-04-07 09:13:57
Summary
S&P 500 futures and Treasury yields increased after the March jobs report showed a resilient economy and moderate inflation. The report showed the US added 236,000 jobs in March, with the unemployment rate falling to 3.5%. However, average hourly earnings increased at the lowest level since June 2021. The New York Stock Exchange is closed for Good Friday, and regular trading won't begin until Monday. The report is likely to divide investors, with some liking the resilient economy and others wanting the Federal Reserve to back off its ongoing tightening campaign. The Fed's next decision on interest rates is May 3.
Sentiment: NEUTRAL
Tickers: US2Y, @SP.1, @ND.1, US10Y, @DJ.1,
Keywords: bonds, s&p 500 fut (mar'23), government debt, markets, u.s. 10 year treasury, u.s. 2 year treasury, stock markets, prices, dow jones fut (mar'23), labor economy, economic events, business news, nasdaq 100 fut (mar'23), personnel, breaking news: markets,