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.
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