S&P 500, Nasdaq Falter As Jobs Data Shows Sluggish Economy

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MarketsUS Stock Market Today: S&P 500, Nasdaq Falter As Jobs Data Shows Sluggish Economy

S&P 500 opened 0.14% or 9.21 points lower at 6,807.30, whereas the tech-heavy Nasdaq Composite opened 0.21% or 49.04 points lower at 23,008.37.

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Wall Street indices slipped as data showed jump in unemployment. (Image: Unsplash)

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The main Wall Street indices opened in the red on Tuesday after US job data for November painted a sluggish picture of the economy.

S&P 500 opened 0.14% or 9.21 points lower at 6,807.30, tech-heavy Nasdaq Composite opened 0.21% or 49.04 points at 23,008.37, and Dow Jones Industrial Average opened 0.04% or 18.87 points lower at 48,397.69.

According to official government data that was released earlier in the day, the unemployment rate in the country has reached a four-year high of 4.6%, indicating a slowdown of the economy.

(This is a developing story)

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