Stocks slide in the new year as Tesla, Apple tumble
slipped 1.33% to $79.19 a barrel, as gold jumped 0.82% to $1,841.10 an ounce.Bitcoin, Ethereum and Dogecoin were all higher heading into Tuesday morning. At approximately 4:45 a.m. ET, Bitcoin was trading at nearly $16,740 , or higher by $52.
Beginning Tuesday at 9:45 a.m. ET, S&P Global is out with its final manufacturing PMI for December, which fell further into contraction territory in the flash reading two weeks ago . And on Thursday payroll processing firm ADP is out with its tally of new private-sector nonfarm jobs for December at 8:15 a.m. ET, while the Labor Department posts the number of new jobless claims for the final week of 2022 at 8:30 a.m. ET.
While the pace of job growth is slowing, the labor market is still tight with employers, at least those outside of the high-tech sectors, reluctant to lay off workers. The unemployment rate is anticipated to hold steady at 3.7% for the third month in a row.
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