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2024-06-04 15:26:56

Yahoo Finance on Nostr: Stock market today: Wall Street turns lower on Tuesday as markets await data on labor ...

Stock market today: Wall Street turns lower on Tuesday as markets await data on labor market
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U.S. markets drifted lower before the bell Tuesday as investors await a trove of labor market data this week. Futures for the S&P 500 and the Dow Jones Industrial Average each fell about 0.3% before the bell. Bath & Body Works tumbled more than 7% before the bell, even as the retailer beat Wall Street's first-quarter sales and profit targets and raised guidance. Designer Brands, the owner of Designer Shoe Warehouse store chain, slipped more than 9% after its first-quarter profit came in below analyst forecasts. Later Tuesday, the U.S. government will show how many job openings employers were advertising at the end of April. The government's weekly layoffs report comes Thursday, while the jobs report on Friday will give show overall growth for jobs and workers’ wages, something the Federal Reserve will consider when it holds its monetary policy meeting later this month. In midday European trading, Germany's DAX fell 0.7%, the CAC 40 in Paris lost 0.4% and Britain's FTSE 100 declined 0.3%. In Asia, Japan's Nikkei 225 index lost 0.2% to 38,837.46 and the Kospi in Seoul gave up 0.8% to 2,662.10. Chinese shares recouped early losses amid reports that the property market might be stabilizing, with Hong Kong's Hang Seng up 0.2% at 18,444.11. The Shanghai Composite index rose 0.4% to 3,091.20.

#StockMarket #WallStreet #LaborMarket #S&p500 #DowJonesIndustrialAverage #Bath&BodyWorks #DesignerBrands #FederalReserve #Germany'sDax #Cac40 #Ftse100 #Japan'sNikkei225 #Kospi #HongKong'sHangSeng #ShanghaiComposite

https://finance.yahoo.com/news/stock-market-today-asian-shares-061328843.html
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