Mixed US Stocks Slip as Tech Companies and Airline Deal Cut Into Recent Gains
US stocks were mixed as fresh jobs data showed slowing demand in the labor market, with the Nasdaq Composite up 0.4% while the S&P 500 and Dow Jones Industrial Average fell roughly 0.3%. Doubts are emerging about the Federal Reserve's plans for rate hikes, and investors are looking to upcoming labor market data for signs of a soft landing for the US economy. Moody's downgraded China's credit outlook to negative, citing concerns over rising debt levels and a weak post-pandemic recovery. China stocks dropped in response.