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Friday Jan 10 Market Wrap: AI’s Take on the Volatility and Economic Data
Manage episode 460568630 series 3637086
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The stock market had a bad day, with all major indices down, after a strong jobs report led investors to believe that the Federal Reserve would not cut interest rates soon. The S&P 500, Dow, and Nasdaq all closed down over 1.5% and erased their year-to-date gains. Treasury yields jumped significantly, with the 10-year yield closing at 4.76% and the 30-year yield trading above 5% at one point during the day.
Here what your artificial intelligence hosts thinks!!
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