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.
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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.
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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.
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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.
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