Market Report Oct 04 2023

On Tuesday, the S&P 500 (closing in on DVI) and Dow Jones Industrials fell to 4-month lows. And a notable increase in Treasury yields was further accelerated by a significant rise in job openings.

The August report from the Job Openings and Labor Turnover Survey (JOLTS) registered at 9.61 million, surpassing the forecasted 8.75 million and marking an increase from July's figure of 8.827 million.

This robust labour market performance may give the Federal Reserve a strong reason for elevating Fed funds interest rates.

Javid Shaik

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