(Reuters) – The New York Stock Exchange was mixed on Tuesday, as the number of job openings fell in the United States in October, raising hopes of an end to the cycle of rising interest rates of the American Federal Reserve (Fed).
The number of job openings in the United States fell in October to its lowest level since the start of 2021, a sign of easing in the job market as rising interest rates dampen demand in the economy .
The Dow Jones index lost 0.22%, or -79.88 points, to 36,124.56 points. The broader Standard & Poor’s 500 lost 2.60 points, or 0.06% to 4,567.18 points. The Nasdaq Composite advanced 44.42 points (0.31%) to 14,229.912.
U.S. services sector activity rose in November but new orders remained steady, while a price gauge fell as the lagged effects of rising interest rates begin to take hold more importantly, shows the monthly survey from the Institute for Supply Management (ISM) published Tuesday.
Wall Street’s largest market caps rose as Treasury yields fell to their lowest level in several months. Nvidia, Amazon.com, Tesla and Apple all made gains.
(Paris editorial team)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
