⁍ The S&P 500 and the Dow Jones index ended flat to slightly higher on the day.
⁍ With the benchmark S&P 500 index now about 1.5% below its record high, defensive sectors including utilities .SPLRCU and real estate .SPLRCR were among the gainers.
⁍ Tech-related .SPLRCT stocks, which have fueled a Wall Street rally since March, posted the biggest declines.
– US employers added 1.76 million jobs in July, enough to lower the unemployment rate from 3.9% to 3.6%, the Wall Street Journal reports. The unemployment rate for African-Americans dropped to 6.8%, the lowest it’s been since 1969. The Labor Department also said the number of people working or looking for work rose to its highest level since September. The July jobs report was released Friday morning, per Reuters.
Source: https://www.reuters.com/article/us-usa-stocks/slowing-job-growth-stimulus-worries-weigh-on-nasdaq-idUSKCN2531IG