The Nasdaq led major U.S. stock indexes higher on Tuesday. Investors responded to new data showing a slowdown in hiring.
The tech-heavy index outpaced the S&P 500 and the Dow Jones Industrial Average. Gains were broad across technology and growth shares.
Fresh employment figures pointed to a softer labor market. Job openings and hiring activity fell short of analyst expectations.
The weaker data eased concerns about persistent wage inflation. Traders adjusted bets on the Federal Reserve’s next rate move.
Bond yields turned higher despite the hiring slowdown. The 10-year Treasury note rose as investors weighed mixed economic signals.
Oil prices fell after the G-7 agreed to release diesel and crude reserves. The coordinated move aims to stabilize energy markets.
Energy stocks slipped alongside the drop in crude prices. Defensive sectors held steady as investors rotated into growth names.
