JOLTs Job Openings Rise To 7.744 Million; Dow Jones Declines Below 44,700
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The JOLTs Job Openings report showed an increase to 7.744 million, surpassing expectations. This led to a rise in the U.S. dollar and a decline in the Dow Jones Industrial Average, which fell below 44,700.
December 03, 2024 | 3:45 pm
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The Dow Jones Industrial Average declined below 44,700 following the release of the JOLTs Job Openings report, which showed a rise to 7.744 million.
The increase in job openings suggests a stronger labor market, which can lead to expectations of tighter monetary policy. This often results in a stronger dollar and can pressure stock indices like the Dow Jones, leading to its decline.
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RELEVANCE 90