Wall St Futures Rally as Soft Hiring Sends Yields Sliding — SkimNews
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- Wall Street futures rallied after the non-farm payrolls release, with S&P 500 futures pushing higher as soft hiring eased rate-hike concerns.
- Treasury yields slid on the jobs report while oil prices fell sharply, giving equity futures an additional tailwind in the session.
Why it matters: Soft hiring data eased inflation fears, pulling Treasury yields lower and fueling a futures rally as investors repriced monetary policy expectations. The simultaneous sharp drop in oil prices reinforced the disinflationary signal, giving equities a double tailwind from both bonds and commodities.
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