published on July 5, 2019 - 1:23 PM
Written by Associated Press

(AP) — The latest on developments in financial markets (all times local):

4 p.m.
Major U.S. indexes are closing slightly lower and bond yields are higher after a surprisingly strong government jobs report raised doubts about whether the Federal Reserve will lower interest rates later this month.

The Labor Department reported Friday that employers added a 224,000 jobs last month, far more than expected.

Investors have anticipated that the Fed would cut rates when it meets later this month, but the strong jobs report appeared to make that less likely.

Technology stocks fell, but bank stocks rose.

The S&P 500 fell 5 points, or 0.2%, to 2,990.

The Dow Jones Industrial Average lost 43 points, or 0.2%, to 26,922. The Nasdaq fell 8 points, or 0.1%, to 8,161.

Bond prices fell sharply. The yield on the 10-year Treasury rose to 2.04%.

11:45 a.m.
Stocks are falling and bond yields are rising after the government issued a surprisingly strong jobs report for June, complicating the Federal Reserve’s decision later this month on whether to lower interest rates.

The Labor Department reported Friday that U.S. employers added a robust 224,000 jobs last month, far more than expected.

Many investors have anticipated that the Fed would cut rates when it meets later this month, but with such a strong indicator on the economy that could be less likely.

The S&P 500 fell 18 points, or 0.6%, to 2,977.

The Dow Jones Industrial Average lost 124 points, or 0.5%, to 26,841. The Nasdaq fell 52 points, or 0.6%, to 8,117.

Bond prices fell sharply. The yield on the 10-year Treasury rose to 2.05%.

9:35 a.m.
Stocks are slipping and bond yields are rising after the government issued a surprisingly strong jobs report for June, complicating the Federal Reserve’s decision later this month on whether to lower interest rates.

The Labor Department reported early Friday that U.S. employers added a robust 224,000 jobs last month, far more than expected.

Many investors have anticipated that the Fed would cut rates when it meets later this month, but with such a strong indicator on the economy that could be less likely.

The S&P 500 fell 16 points, or 0.5%, to 2,979.

The Dow Jones Industrial Average lost 124 points, or 0.5%, to 26,841. The Nasdaq fell 44 points, or 0.6%, to 8,125.

Bond prices fell. The yield on the 10-year Treasury rose to 2.04%.


e-Newsletter Signup

Our weekly poll

Do you agree with Gov. Newsom's decision to tighten lockdown restrictions?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY