StockNews.AI
AMD
benzinga.com
12 days

Dollar Soars To 27-Month Highs, 30-Year Yields Hit 5%, Stocks Tumble As Jobs Report, Oil Spike Darken Fed's Interest Rate Cut Hopes - Advanced Micro Devices (NASDAQ:AMD), American Intl Gr (NYSE:AIG)

1. U.S. added 256,000 jobs in December, exceeding expectations. 2. Unemployment rate fell to 4.1%, defying forecasts. 3. Higher job growth may delay Federal Reserve interest rate cuts. 4. Tech sector, including AMD, dropped significantly due to rising yields. 5. Strong dollar negatively impacts tech and growth stocks.

5 mins saved
Full Article

FAQ

Why Bearish?

Higher interest rates often depress technology stock valuations. Similar past events saw tech declines like 2018.

How important is it?

Job growth and rates significantly affect overall economic conditions and market sentiment, impacting AMD.

Why Short Term?

Immediate market reactions to interest rate perceptions usually settle quickly. For example, tech can recover post-correction.

Related Companies

Related News