U.S. stocks open lower and extend losses, with all three major indexes down more than 1%

The market still expects the Federal Reserve to cut interest rates twice next year.

After the release of US employment data, the probability of a rate cut rose from 22% to 31%

US federal funds futures slightly increase the probability of a rate cut in January next year, rising from the previous 22% to 31%.

After the release of the employment data, the probability of a Fed rate cut in January next year has slightly increased to 31%.