According to CNBC and Yahoo Finance, U.S. stocks were mixed today after the June jobs report came in softer than expected, with the Dow rising about zero point three percent while the S and P five hundred fell about zero point six percent and the Nasdaq Composite dropped about one point four percent. [8][10] According to Reuters coverage carried by Business Times and Business Insider, the S and P five hundred finished Wednesday at seven thousand four hundred eighty three point twenty three, down sixteen point thirteen points, the Dow Jones Industrial Average closed at fifty two thousand three hundred five point twenty four, down thirteen point ninety six points, and the Nasdaq Composite ended at twenty six thousand forty point zero three, down one hundred seventy three point sixty nine points, with technology and semiconductor shares leading the decline. [3][7]
According to the Labor Department as reported by 247 Wall Street and Yahoo Finance, employers added fifty seven thousand jobs in June versus expectations near one hundred thirteen thousand to one hundred fifteen thousand, while unemployment edged down to four point two percent, shaping the day’s main market driver by increasing focus on Federal Reserve policy. [2][8] According to Reuters and Saxo Bank, the weakest areas were technology and semiconductors, while sectors and stocks tied to consumer staples and select financials were more resilient, and notable movers included Meta Platforms higher on artificial intelligence cloud plans, General Mills higher after better results, and Nike higher after stronger quarterly results. [3][6][7]
According to Yahoo Finance and CNBC, futures were pointing lower to mixed this morning as investors continued to weigh the jobs data, chip weakness, and the next inflation readings. [8][10] Key events to watch tomorrow include follow through from the payrolls report, Treasury yield direction, and any new comments from Federal Reserve officials, with upcoming earnings and inflation data likely to be the next major catalysts. [2][6][8]
Thank you listeners for tuning in, please subscribe. This has been a quiet please production, for more check out quiet please dot ai.
For great deals check out https://amzn.to/403yeYo
