U.S. stocks opened lower on Thursday as investors digested signs of a slowing labour market and lingering concerns about stretched technology valuations following this week’s sell-off.
Zak Mir takes a charting look at S&P 500, Nasdaq 100, Arteris, Alegiant, Davis, Day One, Establishment Labs, Enveric, Femasys, Fortrea, Lemonade, Lumentum, Solid Power,
The Dow Jones Industrial Average fell 55.9 points, or 0.1%, to 47,255.12, while the S&P 500 slipped 8.7 points, or 0.1%, to 6,787.59. The Nasdaq Composite declined 38.5 points, or 0.2%, to 23,461.29.
Sentiment was weighed by private-sector employment data, with Challenger, Gray & Christmas reporting that U.S. employers cut jobs in October at the fastest pace for the month since 2003.
The figures have taken on greater significance amid the longest U.S. government shutdown in history, which has delayed the release of key official statistics, leaving investors and the Federal Reserve increasingly reliant on private indicators ahead of the next interest rate decision.
Markets also remain cautious after the S&P 500 and Nasdaq suffered their sharpest intraday declines in nearly a month on Tuesday, following renewed warnings from analysts and bank executives that AI-linked stocks may be overvalued.
