: U.S. stocks open lower as rally remains on pause ahead of crucial jobs report
U.S. stocks opened lower on Tuesday as the market’s recent rally remained on pause ahead of a slew of economic data that will likely decide the future of interest-rate cuts by the Federal Reserve next year. The Dow Jones Industrial Average DJIA was falling 93 points, or 0.3%, to 36,113, while the S&P 500 SPX was down 0.3% and the Nasdaq Composite COMP was retreating 0.4%. After a strong run of gains in November that led three major indexes to notch five straight winning weeks, U.S. stocks were pulling back as investors were tempering their expectations for rate cuts by the first quarter of 2024. In U.S. economic data, a Labor Department survey due at 10 a.m. Eastern is expected to show job openings fell to 9.4 million in October from about 9.6 million in the previous month.
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