Amazon.com IncSoft jobs report reduces rate hike fears, supporting growth stocks like Amazon.
US stocks and bonds rallied after a weaker-than-expected jobs report eased fears of an imminent Federal Reserve rate hike. The US payroll report showed employment fell by 23,000 jobs, confounding expectations for an increase of 80,000. The Nasdaq rose 0.7% in early trading, while Treasury yields fell, with the 2-year note yield dropping 7 basis points to 4.176% and the 10-year yield down 5 basis points to 4.61%. The dollar index fell 0.5% to 99.43, giving the yen a reprieve as it strengthened to 157.20 per dollar. MSCI's All-World index rose 2.4% for the week, the most in three months, and Europe's STOXX 600 was up 0.6% on the day and 2% for the week.
Amazon.com IncSoft jobs report reduces rate hike fears, supporting growth stocks like Amazon.
Microsoft CorporationSoft jobs report reduces rate hike fears, supporting growth stocks like Microsoft.
Soft jobs report leads to lower Treasury yields, so 10Y yield falls.
Soft jobs report leads to lower Treasury yields, so 2Y yield falls.