Stocks stalled out again today, with the Dow settling lower, the S&P 500 closing flat, and the Nasdaq managing a minor win. Despite the December dreariness on Wall Street, fell to 8.7 million in October, the lowest level since March 2021 and signaling a cooling labor market. In response, the 10-year Treasury yield dropped below the key 4.2% for the first time since early September.
OIL FALLS FOR 4 STRAIGHT
Oil futures dropped for the fourth-straight day to settle at their lowest level since July. January-dated West Texas Intermediate (WTI) crude fell 72 cents, or 1%, to settle at $72.32 a barrel. Gold prices are slipping further from yesterday’s record highs. At last look, February gold futures were down 0.2% at $2,038.30. More By This Author:
Dow, S&P 500 Stumble As Bond Yields Retreat
