Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher
Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.
The S&P 500 gave up a midday gain and ended 0.3% lower Friday. The Dow fell 187 points, or 0.6%, and the Nasdaq composite slipped 0.1%. Small-company stocks rose.
A lot is riding on whether the economy can navigate the narrow pathway to avoid a long-predicted recession. Friday’s report showed that employers added fewer jobs in June than in May, not far off economists’ expectations. Treasury yields were mixed.
On Friday:
The S&P 500 fell 12.64 points, or 0.3%, to 4,398.95.
The Dow Jones Industrial Average fell 187.38 points, or 0.6%, to 33,734.88.
The Nasdaq composite fell 18.33 points, or 0.1%, to 13,660.72.
The Russell 2000 index of smaller companies rose 22.43 points, or 1.2%, to 1,864.66.
For the week:
The S&P 500 is down 51.43 points, or 1.2%.
The Dow is down 672.72 points, or 2%.
The Nasdaq is down 127.21 points, or 0.9%.
The Russell 2000 is down 24.07 points, or 1.3%.
For the year:
The S&P 500 is up 559.45 points, or 14.6%.
The Dow is up 587.63 points, or 1.8%.
The Nasdaq is up 3,194.23 points, or 30.5%.
The Russell 2000 is up 103.42 points, or 5.9%.
