Stock Market Today: Stocks Stabilize After Jobs Report Jolt

The November jobs report blew past expectations, sending the markets sharply lower at the open.

person looking at stock charts on phone and tablet
(Image credit: Getty Images)

The November jobs report dealt a hard blow to stocks today, with data from the Labor Department suggesting the Federal Reserve still has a long way to go in its efforts to slow the economy. Specifically, the U.S. added a much higher-than-expected 263,000 jobs in November, while the unemployment rate remained steady at 3.7% and average hourly earnings grew 5.1% year-over-year. Stocks initially sold off sharply on the news, but the end of the day wasn't nearly as bad as the beginning. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.