Stocks Stabilize After Turbulent Week, But Uncertainty Remains With High Rates and Economic Concerns

Traders gained some relief as stocks stabilized following drops in yields, the dollar, and oil prices.

A cooler-than-expected U.S. jobs report and a 5% oil price slump helped sentiment.

But volatility remains as rates are still high, possibly signaling recession, and the 10-year Treasury yield is up 90 basis points.

Asia stocks rose except China, but concerning economic news like inflation in Korea emerged.

U.S. jobs data Friday could spark further selling if strong, capping a volatile week to start the year's final quarter.