S&P 500, Nasdaq run near records with JOLTS data on board

US stocks edged higher on Tuesday as investors waited for new jobs data and the Fedpeak to cement or dampen prospects for future interest rate cuts.

S&P 500 (^ GSPC) and the tech-heavy Nasdaq Composite (^ IXIC) embraced the flatline, coming out new records for two dimensions. The Dow Jones Industrial Average (^ DJI) rose about 0.1%.

Investors are waiting for the next reading on JOLTS activities in October, the first in a important waves this week which culminates in Friday’s all-important monthly US payrolls report.

The watch is on signs of a soft recession, which will change the outlook on the rate path – especially after the Federal Reserve officials. indicated that they are still open until the end of December.

Traders are now pricing in about a 73% chance that the Fed will cut rates by a quarter percentage point at its Dec. meeting. 18, compared to 62% the previous day, at CME FedWatch tool.

The odds could change after Fed policymakers Austan Goolsbee and Adriana Kugler spoke later on Tuesday, sparking discussions with Fed Chair Jerome Powell on Wednesday.

On the corporate front, Tesla (TSLA) stock dropped in early sales after being shipped by EV manufacturers Chinese-built models also fellputting sales targets in doubt. In addition, the CEO of Elon Musk paid $ 56 billion again rejected by the judge.

Meanwhile, shares in US Steel (X) fell nearly 8% on the heels of President-elect Donald Trump Trump’s promise to “ban” its $15 billion takeover of Japan’s Nippon Steel (5401.T, Image of NPSCY). Trump said tax incentives and tariffs it will help the American steel giant to thrive on its own.

Political problems in France It is also attracting the attention of the market, with the government in danger as it faces the parliamentary vote. As Germany braces for snap elections after government collapse, Wall Street is keeping a close eye on the EU’s two pillars.