top of page

Market Reactions to the JOLTS Report

Stock Market Update Tuesday December 5, 2023 Market Reactions to the JOLTS Report

The recent Labor Department report, indicating a slip in domestic job openings to a 31-month low in October, has elicited mixed responses in the stock market. This news, encapsulated in the JOLTS report, initially spurred a spike in the market, followed by a retracement, with the S&P 500 closing just below unchanged.


Stocks, contrastingly, remained subdued following Monday’s weaker performance.  In the Treasury market, both 2-year and 30-year yields decreased, settling at 4.57% and 4.3%, respectively, marking a decline of 7 and 13 basis points over the day. WTI crude oil dropped below $73 a barrel, and precious metals also experienced early losses, with silver losing 1.5% compared to gold's 1%. However, both rallied later in the day, ultimately losing 1% and 0.5%, respectively. The mining sector showed only a slight weakness overall. Meanwhile, the VIX, an indicator of market volatility, remained below 13.



SPX500 Tuesday December 5, 2023
SPX500 Tuesday December 5, 2023

Want to read more?

Subscribe to algotradealert.com to keep reading this exclusive post.

© 2024 by Algorithm Trading Alerts LLC

bottom of page