Wall Street falls as job openings data adds to rate hike jitters

Best Buy sales beat estimates as discounts spur demand; Jobs openings in July rises sharply

Wall Street's main indexes fell for the third straight session on Tuesday as a sharp rise in job openings added to worries about the U.S. Federal Reserve's aggressive approach to bring down inflation.
 

The benchmark S&P 500 index has slumped 5% since Fed Chair Jerome Powell last week reaffirmed the central bank's determination to raise interest rates despite a slowing economy.

Labor demand showed no signs of cooling as U.S. job openings rose to 11.239 million in July, while a separate report showed consumer confidence rebounded strongly in August after three straight monthly declines.

All eyes are now on the