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Stocks Fall, Yields Gain After U.S. Jobs Miss: Markets Wrap

  • Employment report shows far less growth than expected
  • Analysts expect Federal Reserve to press on with taper plans
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What the Disappointing Jobs Report Means for Markets

(Source: Bloomberg)

Updated on

U.S. stocks fell and Treasury yields gained Friday after weak jobs data upended bets on the Federal Reserve’s policy plans.

The S&P 500 and Nasdaq 100 declined in turbulent trading as data showed employers added far fewer jobs than anticipated last month. While the report is unlikely to deter the Fed from announcing cutbacks to its bond buying next month, it may remove pressure for the central bank to raise interest rates any time soon.