The S&P 500 retreated on Tuesday and dropped 0.58% to 4,100, ending a four-session winning streak, with the industrial and material sectors leading losses on Wall Street, as weaker-than-expected U.S. economic data dampened appetite for risky assets.
Earlier in the day, the JOLTS report showed that job openings sank below 10 million in February for the first time in nearly two years, clocking in at 9.93 million, well below expectations of 10.5 million, a sign that the labor market is starting to deteriorate rapidly as hiring conditions tighten.
