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Stocks Dip Even With Traders Hopeful For September Rate Cut; Bonds Extend Rally, Oil Plummets: What's Driving Markets Tuesday?

Benzinga ·  Jun 5 01:00

Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets.

The S&P 500 faced selling pressure when attempting to break above 5,300 levels. It traded down 0.4% by midday in New York.

Major large-cap indices showed only marginal dips and small caps felt the brunt of the selloff while theiShares Russell 2000 ETF(NYSE:IWM) was down 1.4%.

On The Macro Front

Tuesday witnessed further indication of a potential slowing economic momentum, as already surfaced last week and on Monday.

The number of job openings in April fell...

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