{"id":2116777,"date":"2023-12-05T18:33:02","date_gmt":"2023-12-05T23:33:02","guid":{"rendered":""},"modified":"2023-12-05T18:38:13","modified_gmt":"2023-12-05T23:38:13","slug":"wall-street-ends-mixed-after-job-openings-hint-at-cooling-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-ends-mixed-after-job-openings-hint-at-cooling-economy\/","title":{"rendered":"Mixed close for Wall Street as job openings suggest slowing economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-ends-mixed-after-job-openings-hint-at-cooling-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2116777&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>December 5, \u20622023 \u2013\u2064 1:50 PM PST<\/strong><\/p>\n<p>(Reuters) \u2013 Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S.\u2062 Federal Reserve will cut interest rates as soon as March.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Wall Street\u2019s most valuable companies rose as Treasury yields dipped to multi-month lows. Nvidia (NVDA.O) and\u200c Apple (AAPL.O) rose more than 2%, while Amazon.com (AMZN.O) and Tesla (TSLA.O) gained more than 1%.<\/p>\n<p>Most S&#038;P 500 sector indexes ended down after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing.<\/p>\n<p>\u201cAs interest rates \u200crise and\u200b as demand slows, \u200ccompanies are pulling \u2064back on job openings, which is essentially what the Fed wants,\u201d said Sam Stovall, \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wednesday-november-11th-2021\/\" title=\"Wednesday | November 11th, 2021\">chief investment strategist<\/a> at CFRA Research in New York.<\/p>\n<p>\u201cThe Fed probably is done\u2064 raising rates, and the only question outstanding\u200d is when they start to cut,\u201d Stovall said.<\/p>\n<p>Another report\u2063 showed U.S.\u200d services sector activity picked up in November.<\/p>\n<p>The S&#038;P\u2062 500 declined 0.06% to end the session at 4,567.18 points.<\/p>\n<p>The Nasdaq\u200d gained 0.31% to 14,229.91 points, while Dow Jones Industrial Average declined 0.22% to 36,124.56 points.<\/p>\n<p>The small-cap Russell 2000 index (.RUT) fell \u20621.4%, ending a four<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/energy-supply-crunch-covid-woes-weigh-on-european-stocks\/\" title=\"Energy supply crunch, COVID woes weigh on European stocks\">-day winning streak<\/a>.<\/p>\n<p>Volume on U.S. exchanges\u200c was \u200crelatively heavy, with 11.9 billion shares traded, compared to \u2062an\u2062 average of 10.6 billion shares over the previous 20 sessions.<\/p>\n<p>Of the 11 S&#038;P 500 sector indexes, eight declined, led \u200dlower by energy (.SPNY), down\u200c 1.7%, followed by a 1.37% loss in materials\u200c (.SPLRCM).<\/p>\n<p>U.S. stock \u2063trading this \u200dweek has been \u200duneven after the S&#038;P 500 rebounded nearly 9% in November. The index on Friday touched a four-month intra-day high.<\/p>\n<p>Stock market investors widely expect the Fed will keep rates unchanged at its meeting next week. Interest rate futures also suggest a 65% probability\u2062 of a rate\u200b cut by the Fed\u2019s March meeting, according to the CME Group\u2019s FedWatch tool.<\/p>\n<p>On \u2062Friday, the more\u2063 comprehensive non-farm payrolls report for November\u2064 will offer greater clarity on the state of the labor market.<\/p>\n<p>Global \u2064markets will be\u200b swayed by greater volatility in\u200b 2024 as the Fed cuts benchmark interest rates fewer times than\u2062 futures markets are pricing in, strategists at the BlackRock Investment Institute predicted in a panel discussion.\u2064 Take-Two Interactive Software (TTWO.O) dipped 0.5% after\u2062 a trailer of the latest installment of its best-selling \u201cGrand Theft Auto\u201d videogame franchise was released.<\/p>\n<p>CVS Health (CVS.N) jumped 3.7% after forecasting 2024 revenue above \u200dWall \u2062Street estimates, as the insurer expects to benefit from its expansion into health services.<\/p>\n<p>Declining stocks outnumbered rising ones within the S&#038;P 500 (.AD.SPX) by a 4.5-to-one ratio.<\/p>\n<p>The S&#038;P 500 posted\u200c 15 new highs and no new lows;\u200c the \u200bNasdaq recorded 83 new\u2063 highs and 69 new lows.<\/p>\n<p><sub>Reporting by Amruta Khandekar and Shristi Achar A in Bangalore and by Noel Randewich in Oakland, Calif.; Editing by Pooja Desai and \u2062Aurora\u200c Ellis<\/sub><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t<strong>Share this post!<\/strong>\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Anti-Semitism on \u2062the Rise,\u2064 Biden Administration Focused on Islamophobia<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Supreme Court Justices Skeptical of Purdue Pharma Bankruptcy Settlement<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Pressure Mounts on Biden&#8217;s Re-election Campaign from Muslim-American Community<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Former Leprosy Settlement in Hawaii Now \u2064a Refuge for Former Patients<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Spanish Media Outlets File $600 Million Lawsuit Against Facebook Owner Meta Platforms<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Verizon to Offer Streaming Subscriptions to\u2062 Netflix and Warner Bros Discovery-owned \u200cMax Platforms<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Global Mega-Cap Companies See Surge in Market Capitalizations<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Advertisers Likely to\u2063 Abandon Elon Musk&#8217;s X Social Media Platform<\/h2>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What factors contributed to the decline in most sector indexes of\u200b the S&#038;P 500 \u2062on December 5,\u200b 2023?<\/h2>\n<p><span>  The article discusses the\u2062 performance\u2064 of Wall Street\u200d on December 5, 2023, and its \u200creaction to fresh employment \u2063data that suggests a potential rate \u200ccut \u200bby the \u200dU.S. Federal Reserve in March.<\/p>\n<p>The mixed \u200bperformance\u200c of Wall Street reflects the \u2064uncertainty surrounding the future actions of the Federal Reserve. While some\u2062 companies, such as Nvidia, Apple, Amazon.com, and Tesla, \u200bexperienced gains, most sector \u2064indexes of the S&#038;P 500 ended down. \u200dThis decline \u2064can be attributed\u2064 to the drop in U.S. job\u200b openings, which hit the \u2062lowest level since early\u2064 2021, indicating\u200b a slowdown in \u200bthe labor market.<\/p>\n<p>Sam Stovall, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-expected-to-forgo-rate-hike-next-week-despite-hotter-inflation-reports\/\" title=\"Fed likely to skip rate hike next week, despite higher inflation reports.\">chief investment\u2064 strategist<\/a> at CFRA Research in \u200cNew \u200cYork, explained that as interest rates rise and demand slows, companies \u200dare \u2062reducing job openings in accordance \u2064with the Federal Reserve&#8217;s intentions. Stovall suggests that the \u200dFederal \u200bReserve\u200d may be finished with raising rates and the only question\u200d remaining is when they will start \u2063cutting them.<\/p>\n<p>On a positive note, another \u200dreport showed an \u200cincrease in U.S. services sector activity in November. However, the \u200doverall \u200dmarket performance was mixed.\u2063 The S&#038;P 500 declined slightly, while the\u2064 Nasdaq gained and the Dow Jones Industrial Average dipped.<\/p>\n<p>The small-cap Russell 2000 index also fell, ending a\u2063 four-day winning streak. Despite this,\u2063 trading\u200c volume on U.S. exchanges \u200cwas relatively heavy, indicating \u200dactive\u200b market participation.<\/p>\n<p>Among\u2064 the S&#038;P 500\u2062 sector \u200cindexes, eight\u2064 declined, with\u2062 energy and materials experiencing the largest\u200d losses. This decline follows a strong rebound\u200b of the S&#038;P 500 \u200cin November, which saw a nearly 9% increase.<\/p>\n<p>Looking ahead, investors\u200c widely expect the Federal\u2062 Reserve to keep\u2062 rates unchanged \u2063at its upcoming\u200d meeting. However, interest\u2063 rate futures suggest a \u200c65% probability of a rate cut by the\u200c March\u200d meeting, \u2063according to the CME Group&#8217;s \u2062FedWatch tool. The\u200c upcoming\u200b non-farm \u2062payrolls report for\u200d November will provide further clarity on the state of the labor market and\u200c may impact market sentiment.<\/p>\n<p>In addition to domestic factors, global markets are also \u2062expected \u2062to experience greater volatility in 2024 due to fewer interest rate cuts by the Federal Reserve than what futures markets are currently pricing in, as predicted by strategists at the BlackRock Investment Institute. This prediction may impact stock performance and investor behavior.<\/p>\n<p>In \u2062conclusion, the\u2063 mixed performance \u200bof Wall\u200d Street on December 5, 2023, reflects the market&#8217;s \u200dreaction to fresh employment \u2062data and\u2064 the \u200bpotential for a \u200crate \u2062cut by the Federal \u200dReserve. While some companies experienced gains, most sector indexes of the S&#038;P 500 \u2064declined. \u200bInvestors are closely \u2064watching upcoming economic\u2064 data \u200cand the actions of the Federal Reserve\u200d to\u200c gauge future market trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 5, 2023, Wall Street closed with a mixed performance as new job data increased expectations of an interest rate cut by the U.S. Federal Reserve in March. The market saw gains for top companies like Nvidia and Apple, while Treasury yields reached multi-month lows<\/p>\n","protected":false},"author":1911,"featured_media":2116778,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2116777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2116777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2116777"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2116777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2116778"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2116777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2116777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2116777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}