The S&P 500 Index ($SPX) (SPY) today is down -0.97%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.61%. December E-mini S&P futures (ESZ25) are down -0.98%, and December E-mini Nasdaq futures (NQZ25) are down -1.63%.
US stock indexes are retreating today, with the S&P 500 and Nasdaq 100 falling to 2-week lows. Strong evidence of a cooling US labor market is weighing on stocks after 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. Also, weakness in semiconductor stocks is a drag on the broader market.
