Story perspectives
256,000 Jobs Added as Markets React to Rate Hikes
1/15/2025
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Story summary
- December's employment report revealed 256,000 new jobs, reducing the unemployment rate to 4.1%.
- The S&P 500 fell 1.5% and the Russell 2000 dropped 2.2% as interest rate expectations shifted.
- Treasury bond yields rose to 5%, signaling increased borrowing costs.
- Energy stocks benefited from new sanctions on Russian oil, highlighting market volatility.
