Markets Swing to Negative on Healthy Econ Data (& Higher Bond Yields)

Tuesday, January 7, 2025Market indexes began the trading day in positive territory, but relinquished it on monthly economic data that was released shortly after the open. The Dow dropped -178 points, -0.44%, and it was the leader among major indexes. Both the S&P 500 and Nasdaq lost their two-day winning streak, -1.11% and -1.88%, respectively today. (The Nasdaq basically gave back yesterday’s gains.) And the small-cap Russell 2000 slipped -0.97% on the session.JOLTS Data Indicates Flat-to-Down Labor Market ...