US Equity Markets Mixed as Investors Parse Jobs Data

BY MT Newswires | ECONOMIC | 12/04/25 04:08 PM EST

04:08 PM EST, 12/04/2025 (MT Newswires) -- US equity indexes were mixed Thursday as investors weighed jobs data amid a rise in most government bond yields.

* Initial jobless claims last week dropped to 191,000 for the week, the lowest since September 2022, down from a revised 218,000 the previous week and below 220,000 expected in a Bloomberg survey.

* There is an 87% chance that the Federal Reserve will cut its key interest rate by 25 basis points next week, down from 90% a day ago, according to the CME FedWatch tool.

* New orders for US factory goods rose 0.2% in September, trailing the 0.3% gain expected by analysts in a Bloomberg survey. Revised data from August showed a 1.3% gain.

* January West Texas Intermediate crude oil rose $0.74 to settle at $59.69 per barrel, while February Brent crude, the global benchmark, was last seen up $0.61 at $63.28.

* Dollar General (DG) shares rose 14%, the top gainer on the S&P 500, after the company raised its full-year earnings outlook following better-than-expected fiscal Q3 results.

* Intel (INTC) will retain its networking and communications unit following a review, despite earlier plans to sell various assets, Reuters reported. Intel (INTC) shares fell 7.5%, the biggest decline on the S&P.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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