US stocks flipped between negative and positive territory on Tuesday as investors shifted their rate cut expectations in light of weaker than expected economic data. The S&P 500 and the tech-heavy Nasdaq Composite rose roughly 0.1% after erasing earlier losses following a bumpy prior session. The Dow Jones Industrial Average rose about 0.4%. Stocks have struggled to find a footing as investors face uncertainty over the path of interest rates.
Job openings fell in April to their lowest level since February 2021 as the labor market shows further signs of rebalancing. New data from the Bureau of Labor Statistics released Tuesday showed 8.05 million openings at the end of April, a decrease from the 8.35 million open jobs in March. The labor market update serves as a precursor to the crucial May jobs report on Friday — the data highlight of the week.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures tip lower as investors look for inspirationStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks slip as US economy starts to show cracksInvestors are weighing signs the surprising resilience in the US economy might be starting to show cracks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks slide amid weak manufacturing data, GameStop rallies after return of 'Roaring Kitty'US stocks are looking to build on their strong performance in May as hopes for rate cuts revive and the meme stock mania roars back.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq leads stocks higher while GameStop skyrocketsUS stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back
Source: YahooFinanceCA - 🏆 47. / 63 Read more »