Markets Dip Thanks to Strong Jobs Report

Dow falls 43 points
By Newser Editors and Wire Services
Posted Jul 5, 2019 3:15 PM CDT
Markets Dip Thanks to Strong Jobs Report
Trader Benjamin Tuchman works at the New York Stock Exchange, Friday, July 5, 2019, in New York.   (AP Photo/Mark Lennihan)

Major US indexes closed slightly lower Friday after a surprisingly strong government jobs report raised doubts about whether the Federal Reserve will lower interest rates later this month. Technology stocks fell, but bank stocks rose. The S&P 500 fell 5 points, or 0.2%, to 2,990, per the AP. The Dow Jones Industrial Average lost 43 points, or 0.2%, to 26,922, and the Nasdaq fell 8 points, or 0.1%, to 8,161. Bond prices fell sharply: The yield on the 10-year Treasury rose to 2.04%. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.