Stocks Struggle to Find Footing Before Jobs Report: Markets Wrap.

Stocks and Treasury yields were mixed as investors awaited the release of the US jobs report. The Nasdaq 100 experienced its longest losing streak since December 2022, while the S&P 500 remained relatively unchanged. Ten-year Treasury yields rose to 4% after data showed increased hiring and lower jobless claims. Traders are closely watching the jobs report and European inflation data to determine if central banks will lower interest rates. Wagers on a March rate cut in the US have decreased, and there is speculation that the Federal Reserve may not rush to cut rates if the economy continues to perform well. [Extracted from the article]