Whiplashed Wall Street muted after mixed payrolls data

Published by
Reuters UK

By Lawrence Delevingne BOSTON (Reuters) – U.S. stocks and Treasuries were muted on Friday as investors sought to interpret mixed messages of payrolls numbers and its potential impact on Federal Reserve policy in the final session of a roller-coaster first trading week of the year. U.S. employment rose by a less-than-expected 199,000 jobs last month as the impact of a resurgent pandemic bites, well below the 400,000 forecast by economists, but data for November was revised higher. The unemployment rate dropped to 3.9%, underscoring tightening labour market conditions. “The investor takeaway is …

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