Stock market news today: Dow lags as new jobs data shows slowing labor market demand

Investors are looking to labor market readings as they decide whether to put hopes for an interest rate cut on ice.

Jobs data shows labor market coming into 'better balance' in welcome sign for the Fed

The latest JOLTS report showed the ratio of job openings to unemployed workers hitting its lowest level in more than two years.

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  US job openings in October lowest since 2021, well below forecasts

  Reuters
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  Job Openings Hit Two-Year Low in Cooling to Be Welcomed by Fed

  Bloomberg

Energy stocks' big challenge in 2024: Too much oil

Oil-related equities face a headwind next year, according to analysts at Citi: excess spare capacity.

Big bank CEOs urge caution, warn on loan losses after 'interesting' 2023

Key bank executives spoke on Tuesday about the challenging 2023 wrapping up and the caution these firms have towards the year ahead.