The major U.S. stocks fell after a solid rally in the previous session.
U.S. unit labour costs advanced little slower than predicted in the fourth quarter and were soft in 2019.
The Labor Department reported that the growth rate in unit labour costs, soared almost 1% last quarter.
The number of officially unemployed benefits dropped last week, implying in the labour market was on solid footing despite the coronavirus outbreak. Consumer confidence among Americans sunk to a 10-week bottom.
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