Double dose of long-delayed jobs data weighs on US stocks |
A messy trove of jobs data landed Tuesday morning, with the release of nonfarm payrolls for October and November, showing a higher-than-expected unemployment rate of 4.6% in November. The US unemployment rate has now risen for four consecutive readings for the first time since June 2009. While some were looking for data that would support additional Fed rate cuts in 2026, the odds of future cuts remained largely unchanged post-release.
Markets were lethargic following the data, and the S&P 500 was devoid of pre-holiday cheer — the index as well as the Russell 2000 finished lower. The Nasdaq 100, which had been weighed by continued AI trade worries, managed to rally in the final hour of the session to finish in the green. Stocks that moved higher: |
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What are America’s favorite Christmas movies? |
Whether you’re into so-bad-they’re-good Christmas movies, anti-Christmas Christmas movies, or even semi-horrifying Christmas movies, there seems to be something out there for even the least festive film fans once the holiday season rolls around. Perhaps that’s part of the reason that a full 64% of US adults say they plan on sitting down to watch one this year. Read more.
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The Tesla directors who proposed his potential $1 trillion pay package had said it was “critical” he stay out of politics, and we have a stock chart that shows why.
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(Nicolas Economou/Getty Images) |
Frontier plunged after its longtime CEO, who regularly feuded with United, suddenly departed. Shares of ultra-budget airline sank double-digits after the surprise exit of longtime CEO Barry Biffle.
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