Stock market today: Stocks slip as US economy starts to show cracks

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.

South Africa South Africa Latest News, South Africa South Africa 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 »

The GameStop trade remains frothy and risky, as retail investors flock back to meme stocksRetail-investor favorite Keith Gill is back, and so is the meme frenzy. But Wall Street pros caution investors to think twice before buying.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: Stocks rally as investors eye interest rate movesBond yields drop as ECB set to cut Thursday and possibly the Bank of Canada on Wednesday
Source: globeandmail - 🏆 5. / 92 Read more »

Indian Stocks Tend to Reward Investors Post Polls, History ShowsIndian stocks have turned volatile ahead of election results due next week, but if history is any guide the outcome makes little difference to long-term investors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

'More gambling than investing': How Canadian investors should approach meme stocksShould you invest in meme stocks? Here's what experts have to say.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »