Stock futures were pointing to further losses on Monday, suggesting the market still is not over a blockbuster jobs report that has investors questioning if the Federal Reserve will lower rates of interest in any respect this yr.
The December nonfarm payrolls number got here in way above expectations, cementing the concept there is no need for the central bank to chop with inflation still running above its 2% goal.
Elevated borrowing costs could put pressure on stock valuations, which already looked stretched after back-to-back years of stellar gains.