Posted 12/5/2023, 9:18:16 PM
Stocks Mixed as Job Openings Slide; DisneyFaces Activist Pressure
- US stocks closed mixed on Tuesday following fresh jobs data; tech was the biggest gainer while the Dow dropped over 0.2%
- Job openings in October slid to 8.73 million, pointing to slowing labor market demand; this could influence the Fed's policy path
- Markets are aggressively pricing in 2024 Fed rate cuts but cuts will likely be fewer than expected, according to BlackRock strategists
- Activist investor Ancora is pushing for Trian's Nelson Peltz to join Disney's board amid struggles in entertainment
- Credit rating agency Moody's downgraded its outlook on China's credit to negative, citing rising debt and lower growth