Wall Street Mixed: Nasdaq Up, S&P 500 & Dow Down Amid Economic Data and Stock Moves

Market Performance

• 📊 The Dow closed down 0.6%, the S&P 500 shed 0.25%, while the Nasdaq gained 0.25% on Tuesday.

Economic Data and Fed Outlook

• 📉 A delayed labor department report showed non-farm payrolls rebounded in November to 65,000, but the unemployment rate rose to 4.6%.
• ❓ Concerns were raised about the accuracy of job gain data, with potential overstatement by 60,000 per month, leading to market uncertainty.
• 💡 Following the data, investors are pricing in at least 58 basis points of interest rate cuts next year, more than the 25 basis points signaled by the Federal Reserve.

Notable Stock Movements

• 💊 Pfizer slipped nearly 3.5% after forecasting a challenging 2026 due to weaker COVID-19 product sales and squeezed margins.
• 🏥 Humana fell 6% following an announcement of unspecified leadership changes.
• 📈 B. Riley shares jumped over 50% after reporting a profit for the second quarter.
• 📺 Comcast rose nearly 5.5% on speculation of potential involvement by an activist investor.