US stocks fell on Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. The S&P 500 slipped 0.4% while the tech-heavy Nasdaq Composite dropped 0.3% after both indexes closed higher in the prior session during a bumpy day. The Dow Jones Industrial Average hovered just below the flatline. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates.
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. Read more: How does the labor market affect inflation? Meanwhile, the GameStop rally — just one part of the jumpy summer start for stocks — lost steam on Tuesday, on the heels of a 21% surge for the meme darling.
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