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Barchart
Rich Asplund

Signs of US Labor Market Weakness Weigh on Stocks

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The S&P 500 Index ($SPX) (SPY) today is down -0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.45%.  December E-mini S&P futures (ESZ25) are down -0.20%, and December E-mini Nasdaq futures (NQZ25) are down -0.43%.

US stock indexes are moving lower today on strong evidence of a cooling US labor market.  Today's report from outplacement firm Challenger, Gray & Christmas showed that US companies announced the most job cuts in any October in more than 20 years. 

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