Fresh information about strong employment sent stock prices down in New York

of the United States the latest labor market report in December exceeded expectations, as 265,000 new non-agricultural jobs were added in December. At the same time, the unemployment rate in the United States fell from 4.2 percent to 4.1 percent.

Strong employment weakened the prospects that interest rates could fall in the future.

Long-term US Treasury yields continued to rise to their highest level since November 2023.

The interest rate on the ten-year government bond rose by 0.09 percent to 4.77 percent.

Interest rates the rise, in turn, caused share prices to fall on Wall Street.

The S&P 500 index, which follows the 500 most significant companies in the United States, was down 1.25 percent on Friday at 17:20 Finnish time.

of the Financial Times by On Friday, the US stock prices have evaporated all the rise that they had time to generate Donald Trump’s after winning the presidential election.

According to Factset’s statistics, the S&P 500 had already fallen 5.5 percent from its post-election peak on Friday.

For example, the dollar strengthened in relation to the currency basket of six countries.