Key Points
NEW YORK (Reuters) -U.S. stocks gained ground on Thursday and benchmark Treasury yields moved higher after robust U.S. labor market data weakened bets that the Federal Reserve would begin lowering its key policy rate as early as March...
A report from the Labor Department showed initial claims for unemployment benefits slid to their lowest level since Sept. 2022, casting further doubt as to whether the U.S. central bank will cut its Fed funds target rate at the conclusion of its March policy meeting...
So youve got both bullish and bearish investors coming off the sidelines, really focused on the economic data, knowing that thats really going to drive Fed policy in 2024, Bassuk added...
The Dow Jones Industrial Average fell 14.49 points, or 0.04%, to 37,252.18, the S&P 500 gained 21.92 points, or 0.46%, to 4,761.13 and the Nasdaq Composite added 162.34 points, or 1.09%, to 15,017.97...
European shares gained ground, boosted by upbeat earnings as investors looked to the release of the European Central Banks policy meeting minutes expected later in the day...
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