Investing.com-- The S&P 500 slumped for a second-straight day Thursday, pressured by wild swings as the early-day rebound in tech faded amid an ongoing rotation out of high-flying megacap tech stocks ahead of earnings from Netflix added to recent losses pressuring the broader market amid an ongoing rotation out of megacap tech just ahead of earnings from Netflix.
This suggests the labor market is cooling as the Federal Reserve's interest rate increases in 2022 and 2023 slow demand.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: World shares are mostly lower ahead of a key US inflation reportShares have fallen in most world markets ahead of a key U.S. inflation report due Friday.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: World shares are mostly lower ahead of a key US inflation reportShares have fallen in most world markets ahead of a key U.S. inflation report due Friday.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run. U.S. futures and oil prices dropped. The yen weakened to 159.93 per dollar during morning trading. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks mostly lower after US markets were closed for JuneteenthAsian stocks are mostly lower after U.S. markets were closed in observance of Juneteenth.
Source: wjxt4 - 🏆 246. / 63 Read more »