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Stocks Fall as Labor Demand Rises, Tech Sector Struggles

Summary by Clayton County Register
The stock market experienced a decline as major indices, including the S&P 500, the Dow Jones Industrial Average, and the Nasdaq, all fell. This drop came as the U.S. Labor Department’s Job Openings and Labor Turnover Survey (JOLTs) report revealed an unexpected increase in job openings in August. The tightened labor market raised concerns that the Federal Reserve may need to raise interest rates again this year, leading to a rise in Treasury yi…
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Clayton County Register broke the news in Elkader, United States on Tuesday, October 3, 2023.
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