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Global stocks retreated from record highs after robust U.S. job data reduced expectations of imminent Federal Reserve rate cuts. The U.S. economy added 272,000 jobs, surpassing forecasts. As a result, Treasury yields surged and stock indices fell, reflecting investor concerns over delayed monetary easing.
These two attractive growth stocks can prove to be smart additions to your portfolio.
Market participants watched Wall Street's major market averages end Friday's trading to the downside, while Treasury yields jumped.
While the main indexes made modest moves after this morning's hotter-than-expected payrolls data, GameStop took a notable dive.
The ECB is set to cut benchmark interest rates for the euro area for the first time since September 2019.