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Stocks, markets mixed as Wall Street deciphers diverging signals

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BOSTON :Stocks, Treasuries and other major markets were mixed Wednesday after July data showed that U.S. jobs growth slowed but demand for services increased, all as Federal Reserve officials signaled a likely pullback in market support.U.S. private payrolls increased far less than expected in July, likely co

BOSTON :Stocks, Treasuries and other major markets were mixed Wednesday after July data showed that U.S. jobs growth slowed but demand for services increased, all as Federal Reserve officials signaled a likely pullback in market support.

She pointed to the positive growth indicators from manufacturing inventories and demand for services, but cited concern over COVID-19 in China and related economic slow-downs. Federal Reserve Vice Chair Richard Clarida said on Wednesday that the U.S. economy is on track to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates, echoing comments by other officials.

Investors are still waiting for the latest U.S. non-farm payroll numbers on Friday - the last before Federal Reserve leaders convene in Jackson Hole, Wyoming, to discuss policy and decide future stimulus strategy.

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