Market Watch: S&P 500 Pauses as Investors Eye Powell’s Speech, Jobs Data
The U.S. stock market held steady on Tuesday, with the S&P 500 dipping slightly as investors turned cautious ahead of key events this week, including Federal Reserve Chair Jerome Powell’s speech and the release of November’s nonfarm payrolls data. Better-than-expected job openings in October signaled continued labor market strength, fueling speculation about the Fed’s next move on interest rates. Meanwhile, Tesla shares slipped following a court decision on Elon Musk’s compensation, and AT&T saw gains with its optimistic 2025 outlook and a $20 billion stock buyback announcement.
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