The US stock market closed lower on January 10, 2025, as stronger-than-expected labor market data tempered expectations for Federal Reserve rate cuts, leading to a selloff in equities and a rise in Treasury yields.Major Indices: • S&P 500 Index: Fell sharply, recording its largest single-day drop since December 18, wiping out its gains for 2025 so far. • Dow Jones Industrial Average: Declined mo..