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U.S. stocks were sinking after stronger-than-expected ADP jobs report By Investing.com

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⚠️BREAKING: *DOW TUMBLES 500 POINTS AS U.S. STOCKS SINK AFTER STRONGER-THAN-EXPECTED ADP JOBS REPORT $DIA $SPY $QQQ 🇺🇸🇺🇸

for last week came in slightly higher than expected. Job openings of 9.8 million at the end of May were slightly lower than expected.Meta jumps after it releases Twitter rival app

The prospect of the Fed ending its tightening phase had pushed tech stocks higher to start the year, with the Nasdaq rising 32% for the first half of 2023.

 

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Dow futures retreat; labor market data in focus By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES EXTEND SELLOFF AS STRONG JOBS DATA POINTS TO MORE FED TIGHTENING $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Private sector companies added 497,000 jobs in June, more than double expectations, ADP saysThe U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected.
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