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It’s time for your Yahoo Finance Market Minute.
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US stocks wobble as Wall Street digests fresh jobs data, with traders increasingly baking in expectations that the Fed will deliver a December rate cut.
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Initial jobless claims unexpectedly fell to their lowest level in three years. The fresh jobs data and bets on a rate cut also lifting treasury yields.
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Kroger shares under pressure as the company saw comparable sales for the third quarter miss expectations.
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While looking ahead, the supermarket operator lowered the top end of its full-year sales forecast.
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This comes as competition intensifies among food sellers.
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And lastly, PVH, the owner of brands such as Calvin Klein and Tommy Hillfigure, seeing its shares fall. The move lower comes despite a beat on earnings. The company provided fourth quarter earnings guidance that disappointed Wall Street.
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And that’s your Yahoo Finance market minute. Scan the QR code below to track the best and worst performing stocks of the trading session.