Markets Dip Thanks to Strong Jobs Report

Dow falls 43 points
By Newser Editors and Wire Services
Posted Jul 5, 2019 3:15 PM CDT
Trader Benjamin Tuchman works at the New York Stock Exchange, Friday, July 5, 2019, in New York.   (AP Photo/Mark Lennihan)

(Newser) – Major US indexes closed slightly lower Friday after a surprisingly strong government jobs report raised doubts about whether the Federal Reserve will lower interest rates later this month. Technology stocks fell, but bank stocks rose. The S&P 500 fell 5 points, or 0.2%, to 2,990, per the AP. The Dow Jones Industrial Average lost 43 points, or 0.2%, to 26,922, and 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%. (Read more stock market stories.)

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