Stocks Slip From Highs Ahead of Jobs Data; Bitcoin Surges on Rate Hopes
-
U.S. stock futures slipped on Monday, giving back some gains after the S&P 500 hit a 2023 high last week. Attention turns to Friday's jobs report for hints about future Fed policy.
-
The November jobs report on Friday is expected to show 180,000 jobs added and the unemployment rate steady at 3.9%. Too strong or weak a number could impact market expectations for Fed rate hikes.
-
Bitcoin surged past $40,000, more than doubling its value this year on expectations of lower interest rates and potential approval of a Bitcoin ETF.
-
The final agreement at the COP28 climate summit is disputed, with a debate over language calling for a "phase-out" versus "phase-down" of fossil fuels.
-
Oil prices retreated on uncertainty whether OPEC+ members will fully implement their voluntary output cuts meant to support prices.