Dow Plunges After Fireworks as June Jobs Report Strangles Fed Outlook

The Dow and broader U.S. stock market opened sharply lower Friday after a stronger-than-expected jobs report worked against the narrative that the Federal Reserve needs to cut interest rates to steer the economy in the right direction. Dow, S&P 500, Nasdaq Retreat from Record Highs All of Wall Street’s major indexes traded lower after the […]

The post Dow Plunges After Fireworks as June Jobs Report Strangles Fed Outlook appeared first on CCN Markets

Source: https://www.ccn.com/market-news/dow-plunges-fireworks-june-jobs-strangles-fed/2019/07/05/

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