S&P 500 Turns Lower, Bond Yields Surge After JOLTS Data

S&P 500 Turns Lower, Bond Yields Surge After JOLTS Data·Barrons.com

A double-shot of hot economic data sent bond yields spiking and the stock market falling as Wall Street continued to rethink the path forward for interest rates. The Bureau of Labor Statistics said November job openings rose to 8.1 million, which was ahead of economists' expectations at 7.7 million, according to FactSet. "Jolts and Ism did not show weakness like markets thought," writes Andrew Brenner, head of international fixed income at NatAlliance Securities.

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