Wall Street failed to hold onto gains in today's session, suffering modest to steep pullbacks across the board. Pushing sentiment lower were rate cut worries and faster-than-expected growth from the U.S. services sector for last month. Meanwhile, the latest jobs report showed 8.1 million openings were added in November, well above analyst estimates.
The 10-year Treasury yield is extending its climb, last seen near 4.685%. Meanwhile, the blue-chip index dropped 178 points, while the tech-heavy Nasdaq suffered a steep 375-point loss, and the S&P 500 trailed as well.
Continue reading for more on today's market, including:
- Analyst: Buy the dip on Carvana stock.
- Why Netflix stock is ready to roar higher.
- Plus, buyout buzz boosts medical stock; S&P 500's mounting risks; and ULTA surges.
5 Things to Know Today
- Honda Motor (HMC) revealed its first two electric vehicle (EV) prototypes, which will be built in an Ohio manufacturing plant, with sales starting in 2026. (Bloomberg)
- President-elect Donald Trump announced $20 billion in foreign investments will be used to build U.S.-based data centers. (CNBC)
- Medical stock pops on acquisition buzz.
- Technical risks keep mounting for the S&P 500.
- Outlook, C-suite shakeup boost Ulta Beauty stock.
There were no earnings of note today.
Oil, Gold Rebound With Session Wins
Crude enjoyed a rebound this afternoon, recovering from its recent losses to close at its highest level since October. February-dated West Texas Intermediate (WTI) crude added 69 cents, or 0.9%, to settle $74.25 per barrel.
U.S. Treasury yields and a stronger dollar pushed pressured gold prices today, after the yellow metal moved higher after jobs data. Gold for January delivery still added 0.6%, to settle around $2,662.60 an ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
