Stocks finish slightly lower after strong jobs report, pull back from records

Stocks finished slightly lower on Friday, backing away from all-time highs hit earlier this week, after a better-than-expected employment report in June partially rolled back investors' expectations for multiple rate cuts this year. The S&P 500 SPX, -0.18% was down 0.2% to finish around 2,991. The Dow Jones Industrial Average DJIA, -0.16% shed 41 points, or 0.2%, to end near 26,925. The Nasdaq Composite COMP, -0.10% was down 0.1% to end around 8,162. For the week, Dow was up 1.

See Full Story Stocks end slightly lower after strong jobs report puts Fed rate cuts in question U.S. stocks post small losses Friday following a strong jobs report, after the three main benchmarks all ended a holiday-shortened session on Wednesday at simultaneous records for the first time in 17 months.

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Asia stocks set to trade lower as investors look ahead to jobs report statesideStocks in Asia were set to trade lower at the open on Friday ahead of the release of the upcoming U.S. nonfarm payrolls report, which could provide clues as to whether the Federal Reserve will cut interest rates at its monetary policy meeting later in July.
Source: CNBC - 🏆 12. / 72 Read more »