The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.84%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.91%. December E-mini S&P futures (ESZ25) fell -1.07%, and December E-mini Nasdaq futures (NQZ25) fell -1.86%.
US stock indexes retreated on Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 2-week lows. Strong evidence of a cooling US labor market sparked risk-off sentiment and undercut stocks after Thursday'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 on Thursday weighed on the broader market.
