Name: Slowing labor market recovery weighs on stocks
Uploaded: 2020-11-29T21:05:43.000Z
Duration: 1 min 46 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Thea Del fell back below 30,000 minutes after the market opened Wednesday, one day after the index breached the major milestone for the first time.

The blue chip index and the S and P 500 got off to a negative start after an unexpected rise in weekly jobless claims signal the labor market recovery was stalling amid a rise in Cove in 19 infections.

Investors also brushed off a report showing a half percent rise in consumer spending last month.

Tech was about the only bright spot nudging the NASDAQ higher in early trading.

But energy, financials and industrials dragged the Dow and S and P 500 lower.

Multi varied economist Max Wolff has been skeptical of the market's recent surge.

I think we're partying for something, hasn't quite arrived with a tough intermediate period, and I don't think the market has the earnings or the earnings growth to justify this.

The biggest decliner on the broader index gap shares plunged by nearly 1/5 after the peril Retailers quarterly profit fell short of analyst estimates ah pivot online sales drove up marketing and shipping costs, but investors snapped up shares of HP pushing the stock up for a third straight session.

At least five brokerages hiked the price targets after the PC maker's quarterly revenue beat expectations.

Tesla's shares fell the day after its valuation topped the half trillion dollar mark.

 The electric automaker is issuing two recalls covering about 9500 vehicles for roof trim that may separate and bolts that may not have been properly tightened. 