Stock Market Today: Dow closes higher as slump in job openings fuel rate-cut hopes

Investing.com-- The Dow closed higher Tuesday as a fall in job openings to three-year lows pointed to an weaker economic growth, but also lifted hopes for a Federal Reserve rate cut this year.for April fell to a more than three-year low of 8.1 million, confounding economists' estimates for an increase to 8.37M.

Treasury yields fell on improved hopes for a rate cut this year, with the yield on the 10-year Treasyrt trading 6.6 basis points lower at 4.333%. "We continue to see limited traction for Intel on this front, and believe Intel's success in AI likely will have to wait for Falcon Shores and its traction with that part," Wedbush said in a Wednesday note.) stock traded below the flatline after its sales of China-made electric vehicles fell by 6.6% to 72,573 in May compared to a year ago, Reuters reported on Tuesday, citing data from the China Passenger Car Association.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Sunday agreed to extend most of their oil output cuts into 2025 but left room for voluntary cuts from eight members to be gradually unwound.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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