Wall Street reverses to end higher, bond yields steady ahead of US jobs report, holiday

All three major US stock indexes bounce back on Thursday, April 6.

All three major US stock indexes bounced back, turning green by early afternoon, with megacap momentum stocks putting the Nasdaq out front.

“Markets are a bit oversold, especially if we’re looking at the Fed being close to pausing rate hikes,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. “The market has marched higher, and volume has dried up a bit on the verge of a holiday weekend.”Financial markets have priced in a 47% likelihood that the central bank will leave the Fed funds target rate at the 4.

Emerging market stocks lost 0.35%. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 0.44% lower, while Japan’s Nikkei lost 1.22%.

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