Skittish markets turn down

|By:, SA News Editor

After rising slightly at the opening, U.S. stock markets now turn down.

S&P 500 -1.0%, Dow -1.0%, and Nasdaq -1.3%.

By sector, healthcare -1.4% and tech -0.7% lead the laggards, while basic material +1.1% and utilities +0.2% still notch gains.

Why? Take your pick--higher oil prices; the weaker-than-expected jobs report may not be enough to slow the Fed's pace of rate hikes; stronger-than-expected consumer sentiment may also add to worries about Fed's rate-hike path; and while President Trump tweets "China talks are going very well!", there's nothing concrete on that front yet.

U.S. 2-year Treasury price rises, lowering yield by 1 basis point to 2.76%; 10-year Treasury price falls, lifting yield almost 1 bp to 2.89%.

Previously: Stocks edge higher at the open after tepid jobs report (Dec. 7)

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