Stocks Slip as Data Suggests Cooling U.S. Economy

Wall Street's primary indexes dropped at market open on Tuesday following indicators showing a cooling U.S. economy. This downturn might prompt further easing of monetary policies by the Federal Reserve in the coming year. The Dow, S&P 500, and Nasdaq all experienced declines.

On Tuesday morning, Wall Street's major indexes opened lower, with data indicating a downturn in the U.S. economy. This development could lead to the Federal Reserve implementing more monetary policy easing in 2024.

The Dow Jones Industrial Average saw a decrease of 36.4 points, or 0.08%, bringing it to 48,380.17 points. Meanwhile, the S&P 500 declined by 16.4 points, or 0.24%, to reach 6,800.12.

The Nasdaq Composite was not immune to the downtrend, falling by 75.6 points, or 0.33%, and landing at 22,981.819.

(With inputs from agencies.)