Tech Gains in Stock Market Today, Dow Lags Amid Slowing Labor Market Demand

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Source: Yahoo Finance
Tech Gains in Stock Market Today, Dow Lags Amid Slowing Labor Market Demand
Photo: Yahoo Finance
TL;DR Summary

US stocks closed mixed on Tuesday, with the Nasdaq Composite leading gains in the tech sector. The Dow Jones Industrial Average lagged behind as doubts emerged about the Federal Reserve's plans for rate hikes. Job openings in October showed a slowdown in labor market demand, with the number of openings decreasing compared to previous months. Bank executives expressed caution about the economy and predicted a soft landing, while Moody's downgraded China's credit outlook due to rising debt levels and lower economic growth.

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