Major U.S. stock indexes slide as jobs report boosts rate-hike bets
A hotter-than-expected August jobs report is pushing U.S. stocks and short-term bond prices lower, while traders boost bets on a Federal Reserve rate hike this month. Treasury yields initially jumped after the Labor Department report.
By Caitlin McCabeA hotter-than-expected jobs report is sending U.S. stocks and short-term bond prices lower this morning, as traders boost bets on a rate hike from the Federal Reserve this month.U.S.
Treasury yields initially jumped after the latest report from the Labor Department, though in late…