Early on, the Nasdaq Composite (COMP.IND) fell 1.4%, the S&P 500 (SP500) declined by 1.2% and the Dow (DJI) handed back 1.3%. The 10-year Treasury yield (US10Y) rose 10 basis points to 4.04% and the 2-year yield (US2Y) rose 11 basis points to 5.05%. "We think the drop in claims last week is noise rather than a sign that the labor market is re-tightening," Shepherdson said. Job Openings and Labor Turnover Survey, or JOLTS, for May came in at 9.8M versus the consensus figure of 9.935M. "This is not job vacancies, but externally advertised job vacancies.

Source: Forbes July 06, 2023 11:39 UTC