Stocks Flat as Investors Await Key Jobs Report; Oil Falls While Mortgage Rates Rise
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Stocks finished flat on Thursday as investors awaited Friday's jobs report, with focus on whether hot or cold data could spook markets.
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Oil prices extended declines, falling below $83 amid demand concerns, while bond yields eased back after spiking to 16-year highs.
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Banks stocks remain weak, seen as a key indicator for recovery rally; financials need to join to validate growth outlook.
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Mortgage rates jumped again, now around 7.5% and possibly heading to 8% as 10-year Treasury yield remains elevated.
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Max streaming service launched sports package including live MLB, NBA, NHL games as Warner Bros Discovery boosts flagship platform.