Yields for the 10-year Treasury shot up Friday to their highest level since 2023, putting pressure on stock valuations.

"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," Jeremy Siegel said.

The last jobs report of 2024 is due this morning. Follow along for live analysis of the December payroll data. Get updates on stocks and other markets, including the Dow Jones Industrial Average, S&P ...

The S&P 500 dipped 0.8 percent, the Dow Jones dropped 267 points and the Nasdaq composite was down 1.1 percent Friday morning.

Markets were rocked Friday after the December employment report came in much stronger than expected. The economy added 256,000 jobs in December, well above the average economist estimate of 155,000.

Wall Street’s reaction to the strong December jobs report shows just how much bond yields and interest-rate expectations are driving the stock market these days. The Dow was down 600 points, or ...

The December employment report is due this morning. Live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Investors might be tempted to characterize Friday's jobs report, and the ensuing stock-market reaction, as another example of the "good news is bad news" dynamic: good news for the economy tends to be ...

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...

Rising Treasury yields are ratcheting up the anxiety for equity investors. Thursday’s stock-market closure offered only a brief reprieve from the mounting tension. After a day off in honor of ...

It’s kind of a horror show,” hiring platform Greenhouse’s CEO Jon Stross said Sunday. “The job market has become more ...