Wellness

Nasdaq leads US stocks lower as yields rise despite weak jobs report

18 days ago   |   By Business Insider

Traders work on the floor of the New York Stock Exchange
Spencer Platt/Getty Images
The Nasdaq Composite fell Friday after the September jobs report missed expectations.
Rising bond yields hurt tech stocks as the jobs report may not delay Fed tapering.
The US economy created 194,000 jobs in September, below expectations of 500,000
US stocks closed mixed Friday, with a rise in bond yields weighing on tech shares, suggesting investors expect the Federal Reserve to stay with its plan to reduce asset purchases despite the weak September jobs report. The Nasdaq Composite lagged other Wall...
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Markets are telling the Fed to start tapering now after big miss on September jobs report, says Mohamed El-Erian

18 days ago   |   By Business Insider

Mohamed El-Erian
REUTERS/Fred Prouser
Markets are sending a clear signal to the Federal Reserve to begin tapering its asset purchases Mohamed El-Erian told Bloomberg TV on Friday.
His comments came just moments after monthly jobs data showed a big miss for jobs added in September.
The weak headline number was alleviated somewhat by higher wages and an upward revision to the July and August numbers.
Markets are sending a clear signal to the Federal Reserve to begin tapering its asset purchases in the wake of a disappointing jobs report, Mohamed El-Erian told Bloomberg TV on Friday. The...
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