Stocks were mixed Friday as investors digested the release of the monthly US jobs report to provide a steer to the Federal Reserve’s next move on interest rates.
The S&P 500 (^GSPC) rose about 0.2%, while the Dow Jones Industrial Average (^DJI) lost about 0.1%, and the tech-heavy Nasdaq (^IXIC) led gains, up more nearly 0.5%.
US government data showed employers added 209,000 jobs in June, below expectations but still a healthy pace of employment growth. The unemployment rate dipped to 3.6%.
A stronger-than-expected ADP jobs report on Thursday signaled the US economy is proving resilient in the face of the Fed’s efforts to combat inflation.
