US stocks sank and oil prices held steady Tuesday as new data showed fresh signs of labor market cooling and declining factory orders from businesses.
The S&P 500 (^GSPC) decreased nearly 0.6%, and the Dow Jones Industrial Average (^DJI) slipped around the same amount. The technology-heavy Nasdaq Composite (^IXIC) 0.5% slides.
Oil prices steady, with WTI crude oil — the US benchmark — wavering around $80 a barrel. After Monday’s big gains, oil was back in its four-month trading range after OPEC+ announced it would slash output by 1.16 million barrels per day.
On the economic front, vacancies at US

