Stock Market Today: Stocks Rise as JOLTS Lifts Rate-Cut Odds
Stocks were choppy Tuesday with the main market indexes eventually settling in positive territory. Today’s upside came as the latest jobs data lifted expectations for a September rate cut, while investors also combed through a fresh batch of corporate news.
Starting with the jobs data. Shortly after the open, the Bureau of Labor Statistics said job openings fell to a three-year low of 8.1 million in April, below the 8.35 million economists were expecting. The Job Openings and Labor Turnover Survey, or JOLTS, also showed hires and separations ticked higher to start the second quarter, to 5.64 million and 5.37 million, respectively.
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