Market participants weren't sure what to think of Friday's stronger-than-anticipated jobs report. Indeed, stocks traded in both positive and negative territory today as investors weighed the results against expectations for the Fed's timeline for potential interest rate cuts in 2024.
The Bureau of Labor Statistics this morning said the U.S. added 199,000 new jobs in November, more than the 185,000 economists were expecting. Employment figures for September were revised lower while October's figure was unchanged.
