Los Angeles CA
10-07-2023 4:25pm

Lets Talk Stocks

The U.S. stock market saw a slight dip while Treasury yields remained stable as investors anticipate tomorrow's jobs report. The S&P 500 experienced a 0.1% decline, the Dow Jones Industrial Average saw a negligible decrease, and the tech-heavy Nasdaq Composite lost 0.1%. The drop in the yield on the 10-year U.S. Treasury note for two consecutive days provided some relief to the declining stocks. The yield concluded at 4.715% today, down from yesterday's 4.735%. 

On Tuesday, it increased to 4.801%, marking its highest 3 p.m. yield since August 2007. The government's monthly job data is expected to provide insight into the Federal Reserve's progress in curbing inflation, which could impact the Fed's decisions in its November meeting and beyond.

By Anita Johnson-Brown

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