BREAKING: US500 drops further after downbeat JOLTS reading!

 Durable goods orders (m/m). Earlier: -1.2% m/m, Forecast. 3.2% m/m. Currently: 3.2% m/m

Factory orders (m/m) Previously: -0.7% m/m. Forecast: 1.1% m/m. Currently: 0.9% m/m

JOLTS. Previously: 9.93m. Forecast: 9.74 million. Currently: 9.59 million (JOLTS: 2nd biggest 3M drop in job openings on record)

The labor market is clearly slowing down. There are currently nearly 1.64 newly announced jobs for every unemployed person. This is the lowest indication since October 2021. Source: Bloomberg via ZeroHedge

US500 quotations are going down dynamically after the recessionary tone of today's macro data reading. Crude oil is also behaving similarly, losing more than 3.6% at the moment.