US Stocks Mixed as June Jobs Report Misses Expectations Sparking Tech Selloff
About this episode
The episode discusses the mixed performance of US stocks following a disappointing June jobs report, highlighting the impact on technology shares.
According to CNBC and Yahoo Finance, U.S. stocks were mixed today after the June jobs report came in softer than expected, with the Dow rising about zero point three percent while the S and P five hundred fell about zero point six percent and the Nasdaq Composite dropped about one point four percent. [8][10] According to Reuters coverage carried by Business Times and Business Insider, the S and P five hundred finished Wednesday at seven thousand four hundred eighty three point twenty three, down sixteen point thirteen points, the Dow Jones Industrial Average closed at fifty two thousand three hundred five point twenty four, down thirteen point ninety six points, and the Nasdaq Composite ended at twenty six thousand forty point zero three, down one hundred seventy three point sixty nine points, with technology and semiconductor shares leading the decline. [3][7] According to the Labor Department as reported by 247 Wall Street and Yahoo Finance, employers added fifty seven thousand jobs in June versus expectations near one hundred thirteen thousand to one hundred fifteen thousand, while unemployment edged down to four point two percent, shaping the day’s main market driver by…
Topics covered
- US stock market
- jobs report
- technology selloff
- economic indicators
- Federal Reserve policy
Keywords
- US stocks
- June jobs report
- Dow Jones
- S&P 500
- Nasdaq Composite
- technology shares
- semiconductors
- unemployment rate
- Federal Reserve
Mentioned in this episode
Organizations: CNBC, Yahoo Finance, Reuters, Business Times, Business Insider, Labor Department, 247 Wall Street, Saxo Bank, Meta Platforms
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