U.S. stocks were split among winners and losers after a report suggested the job market is cooling, which could offer both upsides and downsides for Wall Street
U.S. stocks were split among winners and losers Tuesday after a report suggested the job market is cooling, the latest signal of a slowing economy that offers both upsides and downsides for Wall Street. The Standard & Poor's 500 index ticked up by 0.2%, though more stocks within the index fell than rose. The Dow Jones industrial average rose 0.4%, and the Nasdaq composite added 0.2%.
Other companies whose profits tend to rise and fall with the cycle of the economy also fell to sharp losses, including steelmakers and mining companies. Copper and gold miner Freeport-McMoRan lost 4.5%, and steelmaker Nucor fell 3.4%. The smaller companies in the Russell 2000 index, which tend to thrive most when the U.S. economy is at its best, fell 1.2%. Elsewhere on Wall Street, Bath & Body Works tumbled 12.
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