Stock market today: Wall Street hits more records following a just-right jobs report

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Stock Market Today: Indexes Gain After Solid Jobs Report

[ 11:42 PM ] - ABC

Stock market today: Wall Street hits more records following a just-right jobs report

^{Published on 2024-12-06 23:42:27 - ABC}

HONG KONG -- Asian stocks were mixed Friday after Wall Street retreated from record highs as investors awaited a U.S. jobs report due later in the day. U.S. futures were lower and oil prices were little changed.

The article from ABC News discusses the mixed performance of Asian stock markets following a decline on Wall Street, influenced by concerns over potential U.S. interest rate hikes. Key points include: Asian shares had varied responses with Japan's Nikkei 225 slightly up, while Australia's S&P/ASX 200 and South Korea's Kospi saw declines. Hong Kong's Hang Seng and Shanghai Composite also experienced drops. The market movements were driven by fears that the Federal Reserve might increase rates to combat inflation, as indicated by recent U.S. economic data showing a robust labor market and persistent inflation pressures. Additionally, the article mentions that U.S. stock indexes like the S&P 500, Dow Jones Industrial Average, and Nasdaq all fell, with specific sectors like technology and retail being notably affected. The anticipation of the Federal Reserve's next moves, particularly after comments from Fed Chair Jerome Powell, added to the market's volatility.

Read the Full ABC Article at:
[ https://abcnews.go.com/US/wireStory/stock-market-today-asian-stocks-mixed-after-wall-116514810 ]

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