Traders Embrace Bonds as Recession Angst Builds: Markets Wrap
- Planned Friday debt ceiling meeting postponed until next week
- Jamie Dimon predicts more banking regulations on the horizon
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Stocks ended the day mixed, while Treasuries rallied after data signaling a cooling jobs market and renewed concerns about the health of regional lenders drove demand for safe havens.
The S&P 500 slid 0.2% on Thursday after jobs and inflation data while the Nasdaq 100 added 0.3%. Alphabet Inc. buoyed the tech-heavy benchmark after the Google parent company showcased its artificial intelligence tools. News Corp. shares jumped 4.7% in postmarket trading after third quarter results topped analysts’ estimates.