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Wall St closes lower as investors position for busy week of data
U.S. stock indexes fell as investors awaited November payrolls, October retail sales, and CPI data, with a rotation from tech to lower-valuation sectors noted by market analysts.
- On Monday, U.S. stocks closed lower as the S&P 500 sank 10.9 points, or 0.16%, to 6,816.51, the Nasdaq Composite lost 137.76 points to 23,057.41, and the Dow fell 41.49 points to 48,416.56.
- Tuesday's data calendar shows November nonfarm payrolls and October retail sales delayed by the government shutdown, prompting traders to reposition ahead of the Tuesday, Dec. 16 8:30 a.m. release.
- Notable stock moves included eight of 11 S&P 500 sectors finished in green, led by healthcare and utilities rising 1.7% and 0.88%, while the S&P 500 tech sector dropped 2.3%.
- Futures trading showed muted activity with S&P futures down 0.1% and Nasdaq‑100 futures dipping 0.2%, as markets brace for a roughly 0.7% move around the payrolls print.
- Analysts say a weak payrolls print could boost stocks by increasing Fed policy expectations for cuts, while positioning builds in Treasuries and options markets for next year.
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Data will provide more clarity on the health of the American economy, amid fears of a deteriorating job market.
·Brazil
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Wall Street closes lower as investors position for busy week | Honolulu Star-Advertiser
Wall Street closed lower today as investors braced for a slew of economic data later this week while assessing reports on Federal Reserve candidates and commentary from policymakers for clues on the interest rate outlook.
·Honolulu, United States
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Wall St closes lower as investors position for busy week of data
Wall Street closed lower on Monday as investors braced for a slew of economic data later this week while assessing reports on Federal Reserve candidates and commentary from policymakers for clues on the interest rate outlook.
·United Kingdom
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Coverage Details
Total News Sources24
Leaning Left3Leaning Right6Center5Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 21%
C 36%
R 43%
Factuality
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