US stocks fall after stronger than expected US jobs report

US stocks opened lower, but are seeing some buying after the first 6 minutes of trading. The main clues

Read this term remain down but the declines are somewhat modest given the strong move in yields and expectations of a much more hawkish Fed following the strong jobs report.

A snapshot of the market currently shows:

  • Dow Industrial Average -183 points or -0.56% to 32,543.82
  • S&P -3.13 points or -0.73% of 4121.80
  • NASDAQ index -125.56 points -0.99% to 12595.02
  • Russell 2000-15.48 points to -0.81% at 1890.97

In the US debt market, yields are significantly higher:

  • 2 years 3.224%, +17.7 basis points
  • 5 years 2.961% +16.5 basis points
  • 10 years 2.823%, +13.3 basis points
  • 30 years 3.066% +9.8 basis points

A snapshot of the forex market shows that the USD is the strongest of the major currencies. JPY is the weakest followed by AUD and NZD.

Strongest to weakest major currencies

cnbctv18-forexlive-benzinga -Sp

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