- Weakening demand spurred a 3.6% decline in factory orders in October, more than expected and the biggest monthly drop in more than 3 years.
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- Job openings slid to 8.7 million in October, below estimates and the lowest level since March 2021, signaling a loosening labor market.
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- Oil prices plunged to a 6-month low due to booming crude supplies. The drop helped push bond yields lower, supporting lower mortgage rates.
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