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Stock impact report

Yields rise, stocks waver after U.S. jobs data [Reuters]

Ameriprise Financial, Inc. (AMP) 
Last ameriprise financial, inc. earnings: 1/29 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.ameriprise.com
Company Research Source: Reuters
Oil prices climb again but are off recent highs NEW YORK/LONDON, Oct 8 (Reuters) - Global equity markets wavered on Friday on a weak U.S. labor market report, and Treasury yields rose as investors still expect the Federal Reserve to begin tapering its massive bond purchases as early as next month. Yields on the benchmark 10-year U.S. Treasury note climbed above 1.6% for the first time since June, the dollar eased and stocks on Wall Street slid as technology and other high-growth shares sold off while energy and financials gained. The U.S. economy created the fewest jobs in nine months in September amid a drop in hiring at schools and worker shortages. read more Some attributed that at least partly to jobs lost after vaccine requirements were imposed to combat the surge of the Delta variant. The unemployment rate dropped to an 18-month low of 4.8%. "The headline weakness hides an otherwise much stronger job market than we're currently seeing," said Russell Price, chief econo Show less Read more
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