Stocks Slide as Robust Jobs Data Signals Fewer Fed Rate Cuts

The markets this week will focus on corporate earnings results and economic news. On Thursday, initial weekly unemployment claims are expected to fall by -7,000 to 224,000. Also, Jan existing home sales are expected to decline by -4.3% m/m to 4.16 million. On Friday, Jan CPI is expected to be up +2.5% y/y, and Jan core CPI is expected to be up +2.5% y/y.US Jan nonfarm payrolls rose +130,000, stronger than expectations of +65,000 and the most in 13 months. The Jan unemployment rate unexpectedly fell -0.1 to ...