Stocks finish week with modest losses on light volumes
U.S. stocks ended Friday with small declines after a holiday week of milestone highs, as labor data showed 224000 new jobs in June and raised questions about a December or July rate cut. The S&P 500 slipped 0.2 percent to 2990.41, the Dow fell 0.2 percent to 26922.12, and the Nasdaq dipped 0.1 percent to 8161.79 amid a light trading backdrop.
MENTIONED IN THIS ARTICLE
Wall Street
S&p
Fed
U.S
Darrell Cronk
Wells Fargo Wealth and Investment Management
Dow
DOJ to press for citizenship question on 2020 Census
The Justice Department said it will pursue legal grounds to force a citizenship question on the 2020 Census, hours after President Trump signaled he is considering an executive order. The Supreme Court has temporarily blocked the question, and printing has begun without it. The move highlights high political stakes over districting and federal funding.
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Justice Department
Donald Trump
Trump
Supreme Court
House of Representatives
Congress
White House
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Jobs data complicate Fed plan for rate cuts in July
U.S. employers added 224000 jobs in June signaling durable expansion and fueling Fed rate cut uncertainty. Unemployment rose to 3.7 percent while wages rose 3.1 percent. Dow fell early and Treasury yields rose as markets priced in slower easing. Domain entities include Trump, Powell, PNC, MFA, HSBC, Hand & Stone.
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Gus Faucher
PNC Financial Services
Trump
Fed
Todd Leff
Hand & Stone Massage and Facial Spa
U.S
Leff
Trevose
Pennsylvania
Joshua Shapiro
MFA
Ryan Wang
Hsbc Bank
Jerome Powell
Wang
Powell
Biden says having a female VP would be great
In a CNN interview Biden said it would be great to have a woman on the ticket and acknowledged it could be Kamala Harris but he would not commit to selecting her. He argued most Democrats are center-left and prepared rivals may attack him on debate stage. Harris challenged his bus desegregation stance years ago.
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Washington
Joe Biden
Kamala Harris
CNN
Biden
Harris
Beau
California
Beau Biden
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