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Markets Today: Stocks Fall Back on Concern Optimism for Fed Rate Cuts Is Excessive

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Barchart

Morning Markets December E-Mini S&P 500 futures (ESZ23) are down -0.48%, and Dec Nasdaq 100 E-Mini futures (NQZ23) are down -0.64%. Stock index futures this morning are lower as higher bond yields weigh on stocks. T-note yields are higher today as they rebounded from last Friday’s 3-month low on concern that the markets might be overly optimistic about the odds for the Fed to cut interest rates by Q2 2024. The markets are awaiting reports this week on JOLTS job openings, ADP National Employment, and monthly U.S. payrolls report to gauge the strength of the U.S. labor market to see if additiona…

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