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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