Stocks Slide, Yields Rise As Jobs Data Tempers Rate Cut Hopes
- US stocks slid as bond yields rose, cooling rate-cut bets amid jobs data and Fed minutes release
- Job openings hit lowest level since March 2021 in November, missing expectations
- Oil futures jumped 3% on supply concerns after Libyan oilfield disruption
- Tech stocks sank at the open, dragging Nasdaq down 0.7% as yields rose
- Attention turns to monthly JOLTS report on job openings and labor turnover