HomeFinancial MarketsStocks Continue to Stammer Amid Jobs Data

Stocks Continue to Stammer Amid Jobs Data

Stocks listed on the New York Stock Exchange were mixed on Tuesday, repeating Monday’s stagnation following November’s rally. This comes after the release of the October jobs report from the US Bureau of Labor Statistics. The S&P 500 edged 0.1% higher while the Dow Jones Industrial Average fell by 0.2%. The Nasdaq Composite gained 0.6%.

The US Bureau of Labor Statistics found that the US labor market slowed in October, with job openings declining from 8.73 million to 9.35 million in September. This is also a decline from last October’s 10.47 million openings. The number of hires remained relatively stagnant at 5.9 million, as did total separations, at 5.6 million. 3.6 million workers quit their jobs while 1.6 million were subject to layoffs and discharges.

Further job market insights will be delivered to observers later in the week, with ADP private payroll numbers to be released on Wednesday while the monthly jobs report will be available on Friday, which the Federal Reserve is expected to scour in preparation for its next policy meeting.

Stocks Hold Steady Ahead of Inflation Report

U.S. equities remained largely muted on Tuesday after reaching all-time highs as investors awaited the release of a crucial inflation report. The PCE index,...

Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand

Domino's Pizza reported its financial results for the fourth quarter on Monday, beating Wall Street expectations. Same-store sales rose 2.8% over the quarter, beating...

U.S. Homeowners Remain In Homes Longer Than They Did 20 Years Ago

A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years...