Stock market today: Indexes slip after hitting records as investors await fresh economic data

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Stock market today: Indexes slip after hitting records as investors await fresh economic data

^{Published on 2024-12-03 10:31:29 - Thomas Matters, WOPRAI}

Investors are waiting for new economic data this week, with October's JOLTS report scheduled for Tuesday and the November payroll report due on Friday.

The article from Business Insider discusses the U.S. stock market's performance, highlighting that the S&P 500 reached a record high, driven by a robust labor market and expectations of Federal Reserve interest rate cuts in 2024. Despite a slight uptick in unemployment claims, the labor market remains strong, with jobless claims still near historic lows. This has led investors to anticipate that the Federal Reserve might lower rates to stimulate economic growth, thereby boosting stock market confidence. The article also notes that while the market has been on an upward trend, there are concerns about inflation and potential economic slowdowns, but the overall sentiment leans towards optimism due to the Fed's anticipated actions.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-sp500-record-high-holts-labor-fed-cuts-2024-12 ]

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