Markets Today: Stock Indexes Rise as Labor Market Softens

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Morning Markets March S&P 500 futures (ESH23) this morning are up +0.03%, and March Nasdaq 100 E-Mini futures (NQH23) are down -0.04%. U.S. stock index futures this morning erased overnight losses and are little changed after bond yields fell when weekly U.S. jobless claims rose more than expected, easing concerns a hot labor market will force the Fed to be more hawkish. The 10-year T-note yield is down -2.5 bp to 3.965%. U.S. weekly initial unemployment claims rose +21,000 to a 2-1/4 month high of 211,000, showing a weaker labor market than expectations of 195,000. Also, weekly continuing cla…

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