2023-07-07 22:04:49
US stocks fell yesterday, as the slightly weaker-than-expected June jobs report failed to quell fears that the Federal Reserve may start raising interest rates once more.
The Dow Jones Industrial Average lost 48 points, or 0.1%. The S&P 500 fell 0.1%, while the Nasdaq Composite hovered near the flat line. The Labor Department report for June showed a smaller-than-expected job increase and slower growth from May.
Nonfarm payrolls increased by 209 thousand jobs, while the unemployment rate came in at 3.6%, down from 3.7% in May. Economists polled by Dow Jones expected an increase of 240,000 jobs and a similar level of unemployment. But parts of the report may give the Fed reason to resume tightening later this month.
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