Stock Market Live Updates: Nasdaq falls at open day after midterms rally; chip, data center stocks fall

What happened: US initial jobless claims fell by 6,000 to a seasonally adjusted 189,000 last week, matching a 57-year low. Nasdaq fell at the open a day after a midterms rally, with chip and data center stocks down. Key numbers: Claims 189,000, down 6,000, matching a 57-year low last touched in July. Why it matters: Low layoff rates continue to anchor the labor market, supported by solid domestic demand, corporate profits, and a shrinking labor pool, even as permanent hiring remains constrained by economic and geopolitical uncertainties. Coverage: 6 outlets in 24h

US initial jobless claims fell by 6,000 to a seasonally adjusted 189,000 last week, matching a 57-year low. Nasdaq fell at the open a day after a midterms rally, with chip and data center stocks down.

Low layoff rates continue to anchor the labor market, supported by solid domestic demand, corporate profits, and a shrinking labor pool, even as permanent hiring remains constrained by economic and geopolitical uncertainties.