Posted 12/5/2023, 5:53:24 PM
Stocks Drop as Job Growth Slows, Prompting Questions on Rate Hikes
- US stocks fell on Tuesday as jobs data showed slowing labor demand, raising doubts about future Fed rate hikes
- Activist investor encourages Disney to add Nelson Peltz to board to ensure restructuring efforts
- Bank CEOs struck a cautious tone on 2023 economy and urged restraint regarding 2024 outlooks
- Job openings slid in October, signaling cooling labor market that may keep further rate hikes off table
- Moody's cut China's credit outlook to negative on rising debt and lower medium-term growth forecasts