Stocks finish week with mixed close on jobs data
Wall Street ended a winning week with a mixed close as the S&P 500 slipped 0.1 percent amid a stronger jobs report. The Dow fell 46.40 points, the Nasdaq rose 13.96, and the Russell 2000 dipped slightly, while traders weighed Fed rate hike risks and upcoming CPI data.
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New York
Wall Street
U.S
Federal Reserve
Treasury
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Jay Hatfield
Infrastructure Capital Advisors
Hatfield
Dow
Jobs rise in June defies inflation fears and feeds rate bets
The Labor Department shows 372000 new jobs in June with unemployment steady at 3.6 percent as economists warn of higher borrowing costs. Private payrolls rebounded and manufacturing added 29000, while wages rose 0.3 percent, keeping pace with inflation pressures and fueling concerns about Fed rate hikes. Black and white labor participation shifted with gains for Black workers and steady white rates.
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Washington
Labor Department
America
Christopher Rupkey
Fwdbonds LLC
United States
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Wells Fargo
Institute For Supply Management
U.S
Ford expands SUV recall over engine fires and outdoor parking
Ford expands a recall affecting 2021 model year SUVs and adds another 100,000 U.S. vehicles to a separate recall tied to engine fires. Fires traced to battery junction box circuit boards can occur with ignition off. About one third of fixes are immediate by removing a ground wire. Notifications begin Aug 8.
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Detroit
Ford
U.S
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Associated Press
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Ian Shepherdson
Pantheon Macroeconomics
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Tesla Inc
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