US stock indexes dropped on Friday, while the dollar tumbled to multi-month lows against the euro and yen after the latest jobs report showed fewer job gains than expected. Meanwhile, US 10-year Treasury yields declined as markets increased bets on Federal Reserve rate cuts.<\/p>\n\n\n\n
Nonfarm payrolls rose by 151,000 in February, falling short of economists’ expectations, while the unemployment rate edged up to 4.1%. The report, the first under President Donald Trump\u2019s second term, capped a week of uncertainty surrounding US trade policy and rising global borrowing costs.<\/p>\n\n\n\n
Wall Street\u2019s major stock indexes traded in and out of negative territory before turning decisively lower. On Thursday, the Nasdaq Composite<\/strong> officially entered correction territory, down more than 10% from its December peak, as investors reacted to Trump\u2019s tariff announcements.<\/p>\n\n\n\n “The reaction that we’re seeing in the bond market gives more credence to growth concerns,” said Jordan Rizzuto, managing partner and chief investment officer at GammaRoad Capital Partners.<\/p>\n\n\n\n Following the jobs data, traders adjusted their expectations for Federal Reserve policy, pricing in a higher likelihood of rate cuts starting in June.<\/p>\n\n\n\n “The market is back to pricing in three rate cuts in 2025, but I wouldn\u2019t bank on the Fed sending any dovish signals anytime soon,” said Brian Jacobsen, chief economist at Annex Wealth Management. “With the unemployment rate at 4.1% and inflation still above target, they have no reason to change their messaging yet.”<\/p>\n\n\n\n Germany\u2019s 10-year bond yield, which serves as the benchmark for the euro zone, fell 5.5 basis points to 2.83% after a historic two-day sell-off. In the US, the benchmark 10-year Treasury yield dropped 2.3 basis points to 4.259%.<\/p>\n\n\n\n Meanwhile, equity markets saw significant declines:<\/p>\n\n\n\n Globally, the MSCI world stock index declined 0.43%, while Europe\u2019s STOXX 600 dropped 0.5%, snapping a 10-session winning streak.<\/p>\n\n\n\n The euro continued its rally, gaining 0.72% to trade at $1.0861, marking its best week since 2009. Against the Japanese yen, the dollar weakened 0.34% to 147.44.<\/p>\n\n\n\n On the energy front, oil prices climbed, with US crude<\/strong> rising 1.48% to $67.34 per barrel, while Brent crude<\/strong> gained 1.54% to $70.53 per barrel.<\/p>\n\n\n\n With uncertainty surrounding trade policy and economic growth, investors will be closely watching Federal Reserve signals ahead of its March 18-19 policy meeting to gauge the outlook for interest rate cuts.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" US stock indexes dropped on Friday, while the dollar tumbled to multi-month lows against the euro and yen after the latest jobs report showed fewer job gains than expected. Meanwhile, US 10-year Treasury yields declined as markets increased bets on Federal Reserve rate cuts. Jobs Report Sparks Market Volatility Nonfarm payrolls rose by 151,000 in […]<\/p>\n","protected":false},"author":10772,"featured_media":9587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1176,1175,289,276,1172,1174,638,1173,941,946,663,1171,560],"class_list":{"0":"post-9586","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"tag-bitcoin","9":"tag-cryptocurrency","10":"tag-federal-reserve","11":"tag-interest-rates","12":"tag-jobs-report","13":"tag-nasdaq-correction","14":"tag-oil-prices","15":"tag-president-trump","16":"tag-stock-market","17":"tag-tariffs","18":"tag-trade-policy","19":"tag-us-dollar","20":"tag-us-stocks"},"_links":{"self":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/9586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/users\/10772"}],"replies":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9586"}],"version-history":[{"count":1,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/9586\/revisions"}],"predecessor-version":[{"id":9588,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/9586\/revisions\/9588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/media\/9587"}],"wp:attachment":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rate Cut Expectations Rise<\/h2>\n\n\n\n
Stock and Bond Market Reactions<\/h2>\n\n\n\n
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Currency and Commodity Markets<\/h2>\n\n\n\n
Looking Ahead<\/h2>\n\n\n\n